Hello everyone, good weekend. Yesterday, the coin price underwent a deep pullback, reaching a low of around 11.47. After some pump and consolidation at the low, the coin price rebounded to around 11.75 from midnight to this morning. Currently, it has entered a stage of oscillation and adjustment again. The market sentiment over the weekend is relatively sluggish. We took advantage of yesterday evening's swing trading, with short orders continuously capturing a space of 879 and 1057 points, perfectly concluding the weekend trading day.

From the daily chart, yesterday the coin price ultimately formed a hammer shape small bearish K, and the coin price still failed to stabilize below the middle track. Yesterday, the US stock market was closed, and the coin price rebounded and crossed the middle track again, more as a technical repair after a deep pullback of the coin price. This caused the coin price to return to the previous pump range, and we will wait for the direction given by the US stock market opening on Sunday evening. From the four-hour chart, the coin price ended the overbought indicator operation, with a bullish engulfing pattern rapidly pushing the coin price near the middle track, and then it was pressured into a consolidation phase. Currently, the coin price is operating below the middle track, with the MACD fast and slow lines gradually converging, and a golden cross is about to form. Therefore, the short-term rebound may continue to some extent, but the downward trend at the daily level is obvious, and we will still respond with a high short strategy.
Short the coin near 117500-118000, pay attention to around 116500, short the second coin near 3770, pay attention to around 3670.
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