Good morning everyone. The coin price quickly retraced to around 117,000 last night, and after a slight rebound early this morning, it experienced a small pullback. After repeated tug-of-war between bulls and bears, the coin price rebounded again to near the intraday rebound high. The strategy was also provided in advance during the market summary. We placed a short order to get on board at 117,756 and took a small profit of 628 points at the 117,128 level. I have been reminding everyone that the market is not the best way to prove strength; time is.

Looking at the four-hour chart, the coin price rapidly dropped to near the lower band with a large bullish candle, followed by a rebound at the bottom of the market. The two consecutive bullish K-lines have caused the coin price to slightly rebound, while the continuous long shadows reflect that the current area is still experiencing ongoing tug-of-war between bulls and bears. The current coin price is running between the middle and lower bands. The rapid decline of the large bearish candle has caused various technical indicators to turn downward. Although there has been a rebound, this round of rebound is more of a technical recovery following the rapid decline of the coin price. Therefore, yesterday's strong pullback did not form an oversold indicator pullback, but rather quickly repaired back within the indicators after a simple probe below the lower band. The current trend remains predominantly bearish, and the overall bearish outlook remains unchanged, still focusing on the idea of shorting on rebounds.
Short the big coin near 118500, pay attention to around 117000, short the second coin near 3800-3820, pay attention to around 3720.
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