Friday morning thoughts, wishing you a happy Qixi Festival!

Currently, the bullish release is mild, and a strong breakout is difficult in the short term, leading to a tug-of-war between bulls and bears.

The four-hour chart shows a wave-like decline, with previous support lost and weakening support. After three consecutive bearish candles, there is a rebound, but the highs are moving lower and the volume is insufficient, raising doubts about the effectiveness of the rise; continuity needs to be observed, and do not chase long positions. Pay attention to the resistance at 1130 above; if it cannot break through, consider short positions.

Short near 1130, look at the 1115 - 1105 area; if it does not continue downwards, then reverse to long positions. $BTC