Encountering favorable circumstances, remain indifferent; encountering adversity, remain calm. No matter how the market changes, we must maintain a heart that is unperturbed by changes. If you want to be invincible, you must be fearless and humble. Do not lose your composure in success, nor reveal your distress in failure.

Yesterday, the entire network publicly suggested shorting BTC above 110,000. The evening trend rose due to CPI data, just reaching the position for shorting, and continued to pull back in the morning, leading the bears to victory once again.

Current Situation

The trend is in a downward pattern, and during the day, it is expected to continue to oscillate sideways at the lower level. The daily candlestick is testing the upper resistance and has formed a bearish candle, indicating a potential pullback to recover upward space. Looking at the four-hour level, the Bollinger Bands are preparing to close upwards, and the price has fallen below the middle band, currently oscillating around it. If it stabilizes below, the intraday price may continue to drop to around 106,000, so today we will continue to focus on a bearish layout.

Reference strategy: gradually short in the 109,000-109,500 range, targeting around 106,000. The points are for reference only.

Follow the public account, for what can relieve worries, only Jiang Wei.

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