Morning Analysis

Bitcoin plummeted by more than 3000 points in the early morning, dropping to 110484, then rebounding to around 112000. Currently, it is fluctuating around 112800. The daily chart has broken below the lower edge of the rising channel, and the short-term moving averages are in a bearish arrangement, increasing pressure. Additionally, the daily chart shows a three consecutive bearish candle pattern, indicating an overall downward trend.

Trading Suggestion: Short near 113500 during the rebound, with a target of 112000; if broken, continue to look downwards. $BTC #杰克逊霍尔会议