Currently, looking at the daily chart of Bitcoin, although the price has rebounded after a significant drop, forming signs of a short-term "V-shaped" reversal, this does not change the overall downward trend, and the general direction remains downward.
Looking at the hourly chart, the continuous bullish candlesticks reflect the strength of the bulls, but the latest bullish candlestick has a long upper shadow and a small body, which clearly indicates heavy selling pressure above, and the bulls are running out of strength while pushing the price up. In such cases, it is advisable to short in the direction of the trend.
Evening trading strategy: short directly between 113000-113500 with a target of 110000.
