Wednesday, Afternoon Thoughts

The pancake, after a round of adjustments in the early session, continues to oscillate at a low level. The morning's sell signal at 1123 has arrived as expected, and the current market is hovering in the 1112 area.

The 4-hour downward trend remains unchanged, with each rebound accompanied by a deep correction. The current price is suppressed by the middle track, leading to a series of negative returns. There are no obvious strong rebound signals in the smaller time frames, so we'll maintain a high short position this afternoon.

Refer to short positions around 1115 and 1118, looking at the range of 110,000 to 1090. $BTC