Recent trends have been oscillating with back-and-forth movements, and the four-hour chart is all shadows. In the evening, there was a sharp drop followed by a recovery, resulting in a very long lower shadow. Although the lower shadow is quite long, the recent continuation of the trend has been poor, so it may not be able to surge again. It is prudent to take a light position and head south. The evening's market behavior was somewhat anticipated; although it wasn't a statement from the old Baow, it was similar to expectations. The range during the night was quite large, usually around 1000 points is common, while during the night it exceeded 2000 points. For those who prefer heavy positions and chase trends, it seems that opportunity is lost again. Therefore, it’s better not to hold heavy positions; if wrong, it could lead to significant losses.

There has been continuous oscillation for quite some time, with an initial test of the bottom support in the morning, which held, followed by a test of the high resistance, which also held. Overall, it’s still in a large range oscillation, but it can't oscillate indefinitely. After prolonged oscillation, a minor trend will emerge, likely within these two days. Currently, there have been several instances of oscillation without clear directional signals; attention should be paid to breakouts, but positions should be light. The current high still shows oscillation, and it’s possible to continue holding high positions.

Early morning range is around 119300 to 119600, looking at the vicinity of 117500. $BTC #BTC