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The market continued to rise in the evening, briefly breaking through 120,000. However, at present, it has not firmly held above that level, and the intraday strategy remains primarily focused on taking some positions. The main theme going forward still looks favorable for a southward move; there was room yesterday that was not utilized. If there is significant space today, we can first reduce our positions. Currently, our position is still good, and there is no need to panic.
In the past couple of days, the trend has gradually become flat. Both Bitcoin and Ethereum have not continued to rise but have instead adjusted within the range. Still following the previous idea, there won't be a significant breakout in the short term. Although the daily Bitcoin chart shows a large bullish candle, the bullish volume has clearly decreased. The death cross has formed, making the possibility of a reversal very high.
Pancake operation suggestion: 119800 hold above
Target: 116500
Currently holding (119300 down) #山寨季来了?# #BTC#