Last night, it briefly dropped below 112,000, then pulled back at the 1-hour level. Currently, it is oscillating in the central zone, and the price has reached the upper edge of the range, presenting a good short opportunity. From the perspective of the Chande theory, this is a type 2 sell point.

The daily pullback target still looks at 106,000, and on the weekly level, it may further dip to around 90,000. This process will take time, so there is no need to rush.

Operation suggestions:

1. Short appropriately, control your position, set stop losses, take profits in batches, and short on rebounds at high points.
2. In the short term, pay attention to the 115,000 line, which is the defense level for short positions. Due to the bearish sentiment, there are no long strategies.

I hope this article inspires you! I am Hai Ge Chan Lun, a blogger focused on Web3 trading techniques.
The content of this article is for personal learning and sharing only and does not constitute any investment advice. The market has risks, and investment should be cautious.

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