The intraday BTC trend shows signs of fatigue. After stabilizing from the morning's drop, the decline has slowed down. The current price level aligns with our midday conversion strategy entry point. We have been advising everyone to lightly try going long, as the reasons are also due to the "Black Friday" combined with the "US Non-farm Payrolls (NFP)". It is expected that the market will face significant fluctuations again tonight. So far, the price has once again tested the low of around 114116. The technical indicators are relatively low. Friends entering the market with us should pay attention to position management and may consider reducing holdings when appropriate, focusing on the impact of the signals provided by the evening news for easier market adjustments.

Currently, from the perspective of the market, the four-hour K-line has continuously broken through the lower track and is showing a strong one-sided downward trend. However, the long lower shadows indicate that the buying support below is quite strong. As long as the level of 114000 is not broken, it is appropriate to add positions at the right time, and reduce holdings during a rebound. All indicators are at low levels, so for now, we can expect a slight rebound from the oversold condition. Looking at the hourly level, the momentum has somewhat slowed down, and the MACD fast and slow lines are gradually approaching a golden cross pattern. In the short term, there may be a fluctuating rebound pattern, and future market conditions need to pay attention to the impact of news that could cause significant fluctuations.

It is recommended to lightly try to go long, and you can look for a low entry point around 114500, with a good stop loss in place and planning your exit points. The target is temporarily set at 116000-116500. If the news gives a bullish signal, you can sequentially look for recent key levels above based on the recovery situation; as for Ethereum, just continue with the previous approach.