The big coin broke through the previous high again yesterday, but the trend is not very strong. Looking at the hourly chart, there are signs of a double top.
The direction is still not very clear. In the short term, there might still be an opportunity to go short. The bearish arrangement is below, and the MACD has already shown a high-level death cross. The downward signal has been given, but the trend is still in a high-level consolidation. Now it depends on whether the big coin can hold up; if it breaks below the 109300 level, it will usher in a wave of accelerated decline to continue to absorb at lower levels.
In terms of operations, one can set up to enter short, with the stop loss set at the previous high. Enter short near 109650, stop loss at 110950, with a target around 107000.
