This week, Bitcoin is still adjusting at a high level, and even though it surged to 120,000 this morning, it remains under pressure and fell back. It has been said that above 120,000, it must be a strong bullish trend, while below 120,000, it maintains a bearish trend. The support at 115,000 is the recent watershed for bullish trends in Bitcoin, which is why we have been winning repeatedly lately.

The market sentiment has been emphasized a lot, and at this stage, it is not synchronized with Bitcoin. We have repeatedly seen fluctuations above 3800, but the most significant is still the peak at 3856. At the same time, there have been many opportunities at the lowest points, generally combining both long and short positions at the top and bottom. After all, sentiment is currently the hot topic in the market, with large fluctuations and wide ranges, and seizing an opportunity can lead to significant profits.

The current posture is that 3600 below is the dividing line between long and short positions. If it effectively breaks down, we will continue to look for a pullback. Anyway, our medium-term target is in the 3400-3500 range.

The big pie is around 116,800-117,300, the etiquette is around 2,590-3,610 for receiving more, as for the short positions, we will see the rebound strength given. #BTC#