The direction is wrong, and efforts are in vain. Analysis has no win or lose because there is only one truth! We have only conducted a comprehensive analysis of the entire market and the psychology of the various parties involved in the game.

The rise and fall of interest rates reflect the state of the economy. During periods of robust economic growth, interest rate hikes indicate rapid economic expansion, high investment returns, and are favorable for the US dollar.

Yesterday, Bitcoin retraced and broke through the range, but unfortunately, it did not stabilize below. As mentioned in the previous static post, if it does not stabilize below 116,000, the price will still move in a range-bound oscillation pattern. Indeed, the price has returned to the 118,000 level for a tug-of-war. The Bollinger Bands are now showing a contraction, and price fluctuations will become narrower in the short term. In fact, the current trend is an excellent opportunity for retail investors to turn the tables because, regardless of how the current trend moves, there are opportunities as long as the position is well planned. As long as one is not trapped at the lowest or highest points, the price can generally come back, and there is no concern about the risk of being liquidated. If one is fortunate enough to enter at good points, the returns can be very considerable. In summary, this is a chance to turn things around. Are there any friends who are synchronously making a beautiful turnaround account with Jiang Wei?

The market situation has been mostly covered, so regarding the recent thought process, we will still focus on the 119,000-119,300 range to set up short positions, with the target continuing to look around 116,000.

Follow Jiang Wei's public account; the only way to relieve worries is through Jiang Wei.

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