The trend of etiquette in the past two days has been relatively stable compared to before. In the Asian market, pay attention to the resistance at 3800; if it does not break 3800, you can go short. If it breaks, you can directly follow in.
On the downside, pay attention to the support at 3650; if it pulls back to this position, you can directly go long.
From the current chart, it can be seen that the big pie has been in a wide fluctuation range, with the upper resistance at 121000 continuously applying pressure.
The lower support is at 116000, and adjustments can be made around high short and low long positions.
From the four-hour chart, the peak of the Bitcoin has been continuously declining, showing a震荡下行趋势,
If the four-hour chart in the evening cannot successfully stabilize above 119000, then a pullback will occur, testing the support at 116300 below.
Therefore, it is recommended for Bitcoin (for aggressive traders) to short at the current price, looking down at 116300, while conservative traders should consider around 119000🈳
From the 4-hour chart perspective, after a surge, the market experienced a pullback, and after a slight retest of support, it failed to quickly return to the upper range of high-level fluctuations.
However, in the overall market rhythm, the bullish strength still dominates. Therefore, the subsequent operational advice is to continue focusing on low-level long strategies to seize structural upward opportunities.
For Bitcoin, look to buy near the 116500 range, targeting 119500, and if it does not break 120000, reverse to short.