Yesterday, BTC rebounded near 114800 and then fell all the way down, breaking below 112000 in the early morning. We provided a high short strategy, looking down at 111800 for precise verification, and Ether looking down at 4200 also achieved as expected.

Currently, the market is showing a downward step as both high and low points move synchronously downward. Yesterday, the daily line closed with a bearish candle, retracting previous gains; the moving averages are in a bearish arrangement, with support turning into strong resistance. During the pullback, a small bullish candle released some bullish momentum, and the retracement is healthy. On the four-hour level, the five consecutive bearish candles have ended, and two small bullish candles are rising with reduced volume, indicating limited continuation. It is clear that the current situation is a correction rather than a reversal, so do not chase longs. On the hourly level, the wave pattern has broken lower, and the rebound is weakening. Operate in the direction of the trend, and continue to look for opportunities to short in the future.

BTC Rebound 113800 - 114500 nearby short, looking down at 111800 - 110500. #BTC# #ETH# #加密市场反弹# #美联储7月会议纪要#