Monday: short positions are too happy too quickly, in the afternoon do not chase shorts and watch for recovery.

In the morning session, we mentioned that the pace would continue to decline, and the market has been very strong. Although we didn't take reckless risks, it was still quite good, as Bitcoin reached 900 points as expected.

From a technical perspective, in the four-hour level, the price is under pressure from the middle track and is falling to find a bottom, but it has not broken through to continue downward. Instead, it shows strong effects, and the sharp decline is accompanied by repair demand, making it no longer suitable to pursue short positions in the smaller cycle.

On the hourly chart, the price has turned from a downward trend to an upward trend after consecutive declines. The short positions have not formed a sustained push to go lower, and the moving averages show a certain need for consolidation and correction. In the short term, there is a demand to recover the bottom.

In the afternoon, we focus on a recovery trend, primarily upward, and if the high point is not broken, we will consider short positions as a supplement.

In terms of operation, I personally suggest going long in the 114800-115300 range and watching the 115800-116300 #BTC# .