The market has directly broken upward in the past two days, reaching a peak near the 110,650 points line. Although yesterday's trend saw a pullback, it began to rebound after touching the 108,300 points line, pushing back up to 110,000 again. Now it has started to pull back once more. Overall, the main strategy still appears to be focusing on short positions.

The upper peak has basically been given, and is now starting to oscillate downwards, followed by a Rebound. From the 1-hour K-line of Bitcoin, the price of Bitcoin failed to break through after reaching the upper Bollinger Band and began to move downwards. It is now above the middle track of the Bollinger Band, with a downward trend. The KDJ three lines have also started to move downwards, and overall it appears to be undergoing a downward pullback adjustment.
Focus on the support level around 108000 points below. If it breaks downwards, continue to look down.
Morning operation suggestion
Short between 109700 and 110400, aiming for 108000. After a breakout, continue to look towards 107000 to 106000. If it doesn't break, go long.

BTC-0.45%

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