8.1 Yunhao Morning Thoughts

In the early hours of today, the coin price tested 118,800 after facing pressure and fell back, slightly rebounding to around 117,400, followed by a significant pullback. It is currently around 115,500 and continues to decline.

Earlier, it was indicated that a market shift was coming. Yesterday morning, the short position at 118505 profited 1078 points at 117427, and the short position at 117979 profited 1493 points at 116486. This morning, I am taking another swing trade, starting August off strong.

On the daily chart, a large bearish candle has pierced the lower band, indicating a decline beyond the previous range, with bearish momentum increasing. The Bollinger Bands are opening downward, suggesting a potential deep correction. On the four-hour chart, the price has consistently closed with large bearish candles, dropping below the lower band, with indicators accelerating downward and no clear signs of a bottom. After a correction, further retracement may occur, maintaining a bearish outlook, with rebounds continuing to be shorted.

Short BTC at 116000-116500, watch around 114500.
Auntie is short at 3700-3750, pay attention to around 3600 #BTCÐ Launchpool收益超3%# .