[BTC Bitcoin 4-hour chart]

Current trend assessment:

The high-level oscillation range has persisted for several days, with a combination of short signals and top pressure resonance;

Support has been tested multiple times below;

There is a risk of breaking below the range of the box oscillation.

Key resistance level:

119,000 (near the top empty signal)

121,000 (trend upper edge + previous high heavy pressure)

Key support level:

117,000 (lower bound of the previous consolidation platform)

114,000 (trend green band lower edge)

Operational Recommendations:

Short Position Priority: If there is resistance again near 118,500–119,000, consider trying a short position.

Breakout short opportunity: If the candlestick closes below 117,000, pay attention to the trend accelerating bearish towards 114,000;

Rebound speculation: If it dips near 114,000 and stops falling while indicators show a "bottom" signal, a light short rebound can be taken.

Note:

Currently at the lower boundary of the key box, if it falsely breaks down and pulls back, timely take profit on short positions.

Operations on the 4-hour level require patient waiting for signal confirmation, and avoid chasing highs and cutting losses. #ETH#