The evening continues to rise, once breaking through 120,000. However, from the current perspective, it has not stabilized significantly, and the layout for the day is still mainly focused on taking a bit. The main theme for the future, Zijing, still favors going south, as there was space yesterday that was not utilized. If there is ample space today, we will first reduce our position. Currently, our position is still acceptable, and there is no need to panic.

Looking at the past two days, the trend is gradually becoming smoother. Both Bitcoin and Ethereum have not continued to rise. Instead, they are adjusting within the range. Still following the previous thought, there will not be a significant breakout in the short term. Although the daily Bitcoin chart shows a large bullish candle, the volume for the bulls has clearly decreased. The death cross formation indicates a high probability of a reversal next.

Bitcoin trading suggestion: 119800 going south

Target: 116500

Currently holding (119300 going south) #山寨季來了？