#美国政府停摆 Bitcoin has seen a pullback after reaching a high of 116,380 USD, with the current price fluctuating around 114,500 USD. It is worth noting that the previously closely followed large investors attracted many followers after demonstrating a high win rate; however, as the number of followers increased, these large funds executed reverse operations, joining the opposing camp, resulting in followers generally being in unrealized losses.

From a technical perspective, the continuous upward momentum on the Bitcoin daily chart has been interrupted, and various technical indicators are starting to turn downward, presenting strong bearish signals. On the 4-hour time frame, after experiencing a stair-step rise and reaching the resistance level of 116,000 dollars, the price has begun to retrace, with technical indicators similarly showing a reversal, indicating significant selling pressure above. The hourly charts display a persistent downward trend, suggesting that there may be further room for price declines. Overall, short-term trading strategies can consider a primary approach of shorting at high levels, supplemented by buying at low levels.

For traders who intend to participate, consider placing short positions around $114,800, targeting a price level of $112,500.

$ETH $BTC