The coin price slightly retreated to around 118960 in the morning before rebounding again, reaching a maximum coin price of 119800. Currently, the coin price is under pressure and has fallen back, now fluctuating around 11.95. A rebound high short strategy was already suggested in the morning, and our short order entered at 119645 has captured a small 668 points of space at the 118977 level. Currently, our short order entered at 119752 is still held, and we await the market movement. The market sentiment is still present, and the market remains stable.

From the four-hour chart, the coin price has quickly pumped up three consecutive positive candles, and technical indicators show that it is still a bullish market. However, the continuous upper shadow lines also indicate strong resistance above. Currently, the coin price is facing upward resistance, and the market has once again entered a high-level consolidation phase. In the future, we will maintain our consistent approach, focusing on the coin price's rebound to the resistance level before a retracement. In the short-term hourly chart, the coin price has formed a bullish engulfing pattern around the upper boundary, repeatedly surging high and retreating, creating a slow oscillating upward trend, and the current upward trend is still continuing. Therefore, in the future, we will still focus on the gains and losses at the 120,000 mark. The coin price is likely to continue the previous range pulling, and our approach for the future remains unchanged, responding to the rebound with high shorts.
The big coin is short at 119500-12000, pay attention to around 118000, the second coin is short around 3900, pay attention to around 3800.
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