The intraday market is about to conclude, and the daily K-line has closed with a bullish line, bringing the coin price back above the high point of 11.9. Currently, the coin price is running around 11.94, and the intraday market fluctuations are relatively large. Our layout for entering the market has also followed the trend, with both long and short positions achieving good results within the range. BTC long and short positions have accumulated a space of 3481 points, while Ether long and short positions have accumulated a space of 263 points. It can be said that it has been another slowly fruitful day.

From the daily chart, the market has formed a medium bullish line that quickly engulfs all the previous slow oscillation downward space. However, overall, the current trend is still primarily oscillating. The MACD fast and slow lines are gradually converging, indicating that the oscillating market may continue in the future. In the four-hour view, although the coin price has formed a bullish engulfing pattern, the K-line continues to close with long lower shadows, reflecting that the bears still have strong momentum. Although the coin price has a strong pump in the short term, if it cannot effectively break through the upper pressure level, the market may experience a certain degree of rapid pullback. We maintain a bearish outlook for the future market and will look to sell on rebounds.
BTC is short near 119500-12000, pay attention to around 118000, the second coin is short near 3710-3740, pay attention to around 3600.
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