From the four-hour level, the market has experienced a two-consecutive-day Rebound but is now under pressure at the middle band of the Bollinger Bands. The continuation of the rebound is thus interrupted, and the middle band of the Bollinger Bands clearly becomes an important resistance area for the rebound. Therefore, as long as this position is not broken, it will be difficult for the trend to form a substantial reversal.

From the one-hour level, after experiencing a rebound, the market shows a trend of two consecutive bearish candles. The KDJ indicator's three lines form a high-level death cross pattern, and the RSI indicator's three lines also show a downward turn. Therefore, after a short-term rebound correction, the market is ready to enter a phase of increased volume again. Thus, in the morning operations, we still maintain a high short position approach.

The Bitcoin price around 117000 can be 🈳, aiming for 115000.

Around 4400, you can 🈳, target looking at 4250.
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