The early morning coin price reached a second peak of 122500, once again proving the strength of the bulls. In the evening, we suggested going long around 111200, but the price did not provide such a large retracement space. Therefore, we also made an early layout, arranging long positions around 111700 and targeting 112500, capturing over seven hundred points of space. This kind of oscillating recovery market is quite good. Even a small fly is still meat.

Bitcoin shows a clear contraction pressure on the Bollinger Bands at the 1-hour level. After being pressured at the upper band, the price continues to be blocked, with multiple unsuccessful attempts, releasing short-term top signals. The 4-hour chart has closed consecutive bearish candles with increasing volume, indicating that bearish momentum is dominant. However, the double bottom structure formed at the 6-hour level indicates that the bulls are still trying to defend. If the price entity breaks through the descending trend line, it may rise to around 113480. Conversely, if it cannot effectively break through, it will continue to decline and adjust.

Bitcoin can short around 112000-112300, looking at 111000.

Ethereum can short around 4480-4450, looking at 4300#BTC #ETH .