8.1 Midday Thought Analysis

Looking back at midday, the market continues to trend downward, peaking at 116100 before retreating, and dipping to a low of 114200 before rebounding. Currently, the coin price is stable around 115700.
Analyzing from the 1-hour level, there has been a continuous series of bearish candles, forming a clear downtrend. Recently, there has been a bullish candle rebound, but from the overall pattern, it is evident that the bearish arrangement is still quite obvious, and there is currently no clear reversal signal. At the same time, the current price is below the middle band, indicating that the bearish strength is dominant in the short term; from the 4-hour level, the overall trend is showing a downward divergence, indicating that the short-term bearish market is strong. The midday strategy can still revolve around short positions.
Large pancake: Short around 116000-116500, target 114500. If it breaks, continue to look down. However, pay attention to the support level below, at the 114300 range, to prevent a rebound and set a stop-loss point.
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