Friday Afternoon BTC Outlook:
If the direction is wrong, retreat immediately.
Bitcoin has broken below 3500 points on the 4-hour chart, showing a downward trend. The MACD is showing increasing bearish momentum, and the price is currently below the zero line, indicating strong bearish pressure. The current short-term consolidation is essentially a trap to attract buyers and accumulate positions, and the outlook remains bearish.
BTC Trading Suggestion: Current Price 115400, if there is a rebound to 116000, continue to short.
Looking down towards around 112000.
