Without a rate cut, BTC plummeted sharply in the evening, reaching a low of 115700. However, the rebound was very quick, returning to yesterday's position in the morning. Over the past two days, I have been wanting to see a pattern, although I have seen some. However, it has not been able to extend. Fortunately, there is no rate cut, and there is no favourable information in the follow-up. I still expect a significant pullback to occur.



From a technical structure perspective, the daily chart is currently showing continuous bearish movements. Although they are all doji candles, each time it breaks to a new low. It has been continuously testing the support below. The Bollinger Bands are inserting the lower track, and the bearish volume continues to increase. On the hourly level, after a dip, there has been a continuous rebound. The rise just provides an opportunity for southbound positioning. Those without a position can jump in directly.

BTC operation suggestion: above 117800
Target: 115500
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BTC-0.65%
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