The price trend of the coin showed a rapid pullback below 116,000 due to yesterday's news stimulus. After that, the coin price rebounded strongly supported by the bottom, and by this morning, it rebounded to around 118,500, almost back to the previous starting point. Our layout from yesterday accurately captured this pullback in the early morning. The news-driven trend has temporarily come to a halt, and we continue with our previous layout strategy. This morning, we set a short order at 118,505, which we are still holding onto, and we expect another pullback.

Looking at the daily chart, the coin price has continuously formed cross bearish K-lines, and the short-term change signals are still present. From the current perspective, the news has not provided the market with a clear direction, and all indicators are currently in a sideways consolidation state. From the four-hour chart, the coin price quickly fell below the lower boundary due to news stimuli, testing a low point below 116,000. However, the shorts did not provide further continuation, and the coin price quickly engulfed all previous retracement space with two consecutive bullish candles. After testing above the middle boundary, the coin price has shown a high consolidation followed by a fall. Currently, it has not effectively stabilized above the middle boundary. Overall, the trend indicates that the coin price is still within a downward trajectory. The MACD fast and slow lines are again showing a tendency to gradually converge, maintaining a bearish outlook. The previous rebound high short strategy can still be applied.
Short order on big coin near 118500, pay attention to around 116500, short order on second coin near 3850, pay attention to around 3730.
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