Yesterday, the coin price fell from a high point to around 11.80, and then continued to fluctuate in the range of 11.73-11.85. Early this morning, the coin price again provided a rebound as expected, and the market trend perfectly validated the strategy I provided in the early morning. Our short order entered at 118447 was accurately closed at 117473, securing 974 points. The market timing remains as precise as ever. Once or twice may just be a bit of good luck, but if it is consistently accurate, there must be a trace to follow. No need for more words; time will prove everything.

From a four-hour perspective, after the coin price retraced to near the middle track, it continuously formed longer lower shadows. However, the K-line entity part has not effectively broken through below the middle track, and there is strong pressure below. Although the market continues the previous range-bound fluctuations, the tug of war between bulls and bears has weakened. The MACD energy bar is slowly flattening, with the fast and slow lines gradually converging to form a death cross. There is a significant possibility that the market will fall below the middle track and continue to adjust downward. In the short term, looking at the hourly chart, the coin price has been alternating between large bearish and bullish candles, with moving averages slowly declining. The Bollinger Bands are opening downwards and slowly narrowing. The price is rebounding to operate near the middle track, and the short-term trend is under pressure around the position of 119,000. In terms of trend, after the adjustment ends, there is a high possibility that the market will continue to adjust downward. We still maintain the previous rebound high short strategy.
The large coin is short order near 119000, pay attention to around 117500, the second coin is short order near 3660, pay attention to around 3550.
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