Evening Market Technical Analysis!

From a technical perspective, the four-hour pattern shows a continuation of the yin-yang transition, indicating a certain demand for a tug-of-war upward movement. However, the volume is not supportive, preventing a strong bullish momentum. Overall, the market tends to be oscillatory, and it is not advisable to take a one-sided short-term position.

The one-hour pattern has seen a pullback after a rise, yet it is recovering and in a contracted state, with the pullback not hitting a bottom. The upward strength is limited, maintaining an oscillatory trend.

In this evening's strategy, we will initially focus on high short positions in the oscillatory state. If the downward movement does not continue, we will then support with low long positions.

Bitcoin trading suggestion: Short around 118500, with a target of 115000-113000. #美国7月PPI年率高于预期 #BNB创新高 #BTC再创新高 #以太坊创历史新高倒计时 $BTC