Good morning, frens. The daily chart close is approaching, and yesterday the coin price continued the previous downtrend, showing a slight pullback overall. In the evening, it dipped to around 112,600, and then the coin price rebounded. Currently, the coin price is around 114,000. Our real-time layout last night also precisely captured the final pullback of yesterday. We entered a short position at 114,545 and accurately captured a profit of 1,714 points at 112,831. If you can't find a clear direction for trading in the recent pump and dump market, you might as well follow Zhiyu's steps and experience our trading strategy for short-term swing trading.

Looking at the daily chart, the continuous downward movement of the coin price has come to an end with a slight rebound from two consecutive upward candles. Currently, the coin price has closed with a small bearish candle, continuing the previous downward trend. The overall pattern has formed a bearish engulfing downward structure, and the moving averages have been gradually declining, with bearish energy still dominating the current situation. In the four-hour chart, after a large bearish candle dropped below the lower boundary, the coin price quickly recaptured previous losses with two consecutive upward candles. Currently, the coin price has crossed above the middle line again, operating above it, and both bulls and bears are entering a brief tug-of-war oscillation rhythm. The MACD energy bars are continuously weakening, with the fast line gradually merging with the slow line from above. A death cross on the four-hour chart is imminent, so we still expect the continuation of the previous retracement trend for the coin price. The current bearish strategy remains unchanged, and we should respond with a high short strategy during rebounds.
The Bitcoin is short near 114500, pay attention to around 113500, the Ether is short near 3640, pay attention to around 3540.
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