Since this morning, the coin price has been moving in a continuously slow oscillation and pump upwards. The coin price has tested the resistance around 118,500 multiple times but has not been able to achieve an effective breakthrough. In the evening, the coin price provided a nice quick retracement as expected. Our analysis and strategic thoughts shared earlier this morning have proven to be consistently accurate. Our short order placed at 118,444 in the evening was precisely executed at 117,391, capturing a 1,053 point space. The coin price continues to oscillate. After repeated pullbacks, we have been observing and waiting for opportunities. In Zhiyu's strategy, swing trading may be late, but it rarely misses. This is also the confidence behind Zhiyu's daily advance sharing and publishing of strategies. We look forward to the evening's Fed meeting and Powell's speech, as the market prepares for what is to come.

From the daily chart perspective, the current trend of the coin price shows that there have been consecutive ten cross bearish K-lines, and the Bollinger Bands are continuously narrowing. These signals once again provide us with a warning; a direction choice is imminent, and the market is about to undergo a significant transformation. Pay special attention to the Fed meeting and Powell's speech in the evening. Now looking at the four-hour chart, the coin price has risen with consecutive bullish candles, repeatedly testing the mid-band resistance. The coin price has closed with a medium bullish candle, quickly engulfing most of the previous rise's space. Although the subsequent market has shown a certain degree of rebound, it has not provided a large amplitude. The continuous alternating bearish candles also reflect that the coin price has once again entered a short-term tug-of-war rhythm between bulls and bears. The MACD energy bars continue to show bearish momentum, and the fast and slow lines are showing a slow divergence trend. We maintain our bearish outlook and continue to adopt a strategy of responding to rebounds with short orders.
The Bitcoin is short around 117900-1183000, pay attention to around 116500, the Ethereum is short around 3800, pay attention to around 3700.



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