BTC morning thoughts



After experiencing an initial surge to 115700, the price has shown a significant downward trend, with overall bullish momentum diminishing and bearish forces gradually dominating the market.
The K-line surged and then fell, forming a double top. Subsequently, the number of bearish candles increased, and their bodies elongated, reflecting the dominance of the bears. Moreover, the price has broken below the previous consolidation platform, establishing a downward trend.
From the overall trend, the downward wave is clear, with high points gradually decreasing and low points continuously probing lower, which conforms to the characteristics of a bearish trend.

Intraday operation: Short at around 115500, target 113500, downside watch at 112000.
BTC0.81%
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