Since early morning, the coin price has shown a continuous downward retracement trend, currently descending to around 117,100. The morning strategy also provided timely reminders. Our short order placed at 118,333 has once again captured a space of 1,151 points at the 117,182 level. Although there may still be some downward space afterward, our layout each time must revolve around a core principle: no greed, no impatience, and strictly executing and implementing according to our established plan. I believe that only in this way can we maximize the avoidance of emotional trading.

Looking at the four-hour chart, the coin price has quickly fallen below the lower track with a large bearish candle. The MACD energy bar reflects that the current bearish momentum is relatively strong. The market has once again refreshed yesterday's low, and we are looking at the support at the 116,500 position. If this level can be effectively broken, the market may give a deep correction again; otherwise, the coin price will likely continue to move towards technical repair, leading to a certain rebound. Therefore, the overall bearish trend remains unchanged, and in the short term, we can expect a rebound, with a strategy of buying on dips and selling on highs.
Buy Bitcoin at the current price directly, pay attention to around 118000.

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