Weekend market fluctuations can be exhausting. From the current market perspective, $BTC continues the early morning oscillation and recovery rhythm, but the bullish momentum has shown signs of fatigue by midday, making it difficult to further push prices higher.
The hourly chart shows that the early morning consecutive bullish rebounds have shifted to an alternating adjustment pattern, and the price increase is accompanied by a decline in trading volume, strengthening the bearish outlook.
The 118500 level was previously a support line yesterday, but has now completed a top-bottom conversion, forming strong resistance in the short term.
Big Coin afternoon trading suggestion: short near 118500, target 117000.
