GM, yesterday's judgment was correct, the rebound at 112 was blocked and it didn't go above empty, now we just need to see if the 108-107 range can hold up #BTC

8-25 Bitcoin Outlook:
Late at night, a giant whale sold a large amount of Bitcoin to switch to Ethereum, causing a stir, and it has been pushed down to around 110,000. Currently, it seems that Bitcoin has already fallen below the 112 neck line.
Since the daily level M top neck line of Bitcoin has been broken, if the subsequent rebound is blocked at the 112 neck line, we can consider looking bearish on Bitcoin, instead of directly shorting it now to bet on its collapse.

Another point to pay attention to is that the Bitcoin CME gap is currently around 1168. Based on past data, the probability of filling the gap is about 85%, so just based on this point, I am not very willing to short Bitcoin. Of course, this is just my trading system, so you can take a look. After all, everyone's trading system is different, and even if I end up being wrong and it really does drop, I'll accept it.

As for long positions, my two operational thoughts are: first, I will look to go long on Bitcoin on the left side in the 108-107 range, and the other is that it is currently hovering below 112, but if it suddenly rebounds above 112 and does not break back down, then I will also choose to enter on the right side and go long #BTC .