Bitcoin continues to face turmoil, experiencing a rise followed by a drop yesterday. After breaking a new high, it faced pressure and retreated, moving within a 5000-point range from last night to today. The market can be described as chaotic; such chaos may bury some individuals while creating opportunities for others. Although many have faced liquidation in this market, I believe this is our opportunity. If we accurately follow the trend, it can lead to a turnaround.

Daily

The price on the line level has broken above the high point but is now under pressure, returning to operate within the channel, showing a box structure. It is evident that for the price to break out better in the short term, there will inevitably be a process of pullback and consolidation to build momentum for a rise. Additionally, the indicators show that the bulls are starting to reduce volume. In the short term, there will be momentum for another pullback. Therefore, the current strategy is to rebound and go short. If there is a possibility of a trend change, updates will be provided in a timely manner.

In the short term, we can look to go short in batches around the 122100-122400 range, with a target near 120100. The points are for reference only; actual operations should be based on real-time conditions.

Follow the public account, "What can relieve worries? Only Jiang Wei."

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