Remember, in this world, there are only two types of animals that can climb to the top of the pyramid: one is the eagle, and the other is the snail. For most of us ordinary people, we may be that struggling snail striving upwards. Although we do not know how far we are from success after our persistence, patience and perseverance will shorten this distance to varying degrees. Our actions may be slow, but we will never take a step back; after all, we are only one method away from success. I hope that every friend who finds their own investment path not only has the ability to make money alone but also possesses a complete set of investment concepts, mindset, and skills, so that they can achieve lasting profits in the investment world.

BTC rebounded yesterday but did not break through the 118,000 mark; instead, it was blocked at this position and has not been able to rise for a long time. Yesterday, I set up a short position at a high level, and the overall result is quite good. Why is the market not breaking through now? There is a higher probability that it is inducing longs here, making everyone mistakenly believe that it is consolidating at a high level. Once the accumulation is complete, a fierce sell-off will follow. This trend is just my personal opinion; let's take a look at the technical chart.

In the four-hour technical chart, the price cannot stabilize and instead falls to form a double top pressure state. Looking at the Gann lines, the triangle pattern has completed its upward recovery, and the price is exactly at the resistance position of the Bollinger upper band. Additionally, the fast and slow lines of the auxiliary indicators are about to converge downwards, and the bullish energy bars are gradually weakening. All signs indicate that the price will experience a slight rebound before falling back, so I continue to look bearish for the day.

For the day, we can look bearish around the 117,900-117,700 area, targeting the 116,000-115,000 region in batches, with a long-term target at the 107,000 mark, which may require time to wait. Each person's position is different, so arrange it reasonably according to your own situation.

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