When you feel anxious due to the fall in coin prices, think about it; this may be the market providing opportunities for those who are prepared. "Don’t try to buy the dip or pick the top, time is your fren," keep learning, enhance your understanding, hold firm in the lows, and remain calm in the highs, not swayed by short-term fluctuations. Bitcoin is performing weakly, with prices oscillating widely around 118000. The short-term market is in a state of stagnation. Based on the current trend, the oscillation pattern of Bitcoin's range will continue for a while, mainly to give altcoins time and space to adjust. The key points to watch in the morning are still 117000 and 120000. A strong breakthrough of the 4-hour candle indicates a continuation of high shorts and low longs.

From the current market situation, the daily level comparison is still maintaining a wide range of fluctuations between the upper and middle bands of the Bollinger Bands. The alternating characteristics of the K-line are significant, and the range of fluctuations is clearly visible. At the four-hour level, the trend shows a clear downward trend, effectively breaking through the support of the middle band of the Bollinger Bands and testing towards the lower band area. The latest recorded long entity bearish K-line shows no significant upper shadow, highlighting the absolute dominance of bearish forces, accompanied by a noticeable increase in volume, further confirming the validity of the downward trend. In terms of operations, it is still advisable to adopt a high short strategy.

Operation Suggestions
Big Cake: Short around 119000, target looking at 117000
Short at around 3640, target at 3520.