Bitcoin rebounded again in the early morning, reaching a high of around 112500, which was also our expected entry point for short positions, so precise. Subsequently, Bitcoin started to face pressure and fell, reaching a low of around 111500, once again validating yesterday's thinking, after all, the pressured structure is still very obvious.

The daily chart of Bitcoin has already shown a very clear trend, touching the resistance of the daily midline and starting to pull back. This means that Bitcoin is currently leaning towards a bearish trend. From the hourly level, the bullish momentum has clearly been curbed in time, which is why there has been this wave of pullback. It has now reached the support of the hourly midline, so we can first observe the strength of the rebound in the morning. We can first observe the strength of the rebound in the morning.

Bitcoin 111100 long, focus on 113000

Ethereum 4430 long, focus on 4500#Gate launches Ondo special area spot trading##Can the crypto market break through in September##Do you see bullish or bearish today? #九月加密市场能否突破？