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From the technical pattern of the four-hour chart, the dominance of short positions remains evident after BTC surged and then pulled back. The price is pressured by the middle band of the Bollinger Bands during the rebound, and a long bearish line appears accompanied by higher trade volumes, indicating insufficient strength for a bullish counterattack.
Currently, it is important to focus on the breakthrough situation of the middle band of the Bollinger Bands. If the price continues to be suppressed by the middle band, it is highly likely to test the support level of 117000 downwards. Once this support level is broken, it may further open up downward space. In terms of operational strategy, it is recommended to mainly layout short positions on rallies.
Operation Suggestions:
BTC: Short positions around 118800-119300, targeting around 1166.
Aunt: Short positions around 3870-3900, targeting approximately 3740.