Looking back at yesterday, the Bitcoin market completely matched the expected trend! From the morning, the price started a continuous falling mode, and in the evening, it even broke the key level of 118000. The short order we set up in advance caught the falling market precisely, successfully reaching the target level and bringing substantial profits to investors.

Focusing on the current market, the Bitcoin price is operating below the middle track of the one-hour chart. Although there was a continuous upward trend in the morning, the upward momentum is clearly weak, lacking sufficient energy to support further price increases.

Today's core focus

- Key resistance above: Pay close attention to whether the coin price can break through the medium line of the one-hour chart and stabilize above the 119300 position. If it cannot break through and stabilize at this level, the upward space will continue to be limited.
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- Important support below: The primary focus is on the 117000 level. If this support is broken and subsequently stays below 116500, the market is likely to experience further decline.

Today's trend prediction and operational suggestions

From the overall trend, Lixiang expects that Bitcoin will mainly fluctuate within a small range today and will not continue the one-sided market of the previous two days. However, considering the downward trend yesterday and the current weak upward performance, the overall view leans towards bearish, with a high probability of continuing yesterday's downward rhythm.

In terms of operation, it is recommended to place a short order around 119200, with the first target looking towards the 117800-117300 range; if the market falls below the 117000 support, then you can continue to look down and seize the subsequent falling space. #ETH# #BTC#