Without interest rate cuts, Bitcoin fell sharply in the evening, reaching a low of 115700. However, the rebound was also very quick, as it returned to yesterday's position in the morning. I have been wanting to see a pattern these past two days; although I have noticed it, it has not been sustained. Fortunately, there are no interest rate cuts, and there are no favorable news events expected in the future. I still believe there will be a significant pullback.

From a technical structure perspective, the daily chart is currently showing consecutive bearish candles. Although they are all doji stars, each time it breaks to a new low. It has been continuously testing the support below. The Bollinger Bands have dropped to the lower band, and the bears are continuing to increase their volume. On the hourly level, after the dip, there has been a continuous rebound. The rise just provides an opportunity for southward positioning. Those without a position can directly enter the market.

Bitcoin trading suggestion: Above 117800

Target: 115500#以太坊十周年