After BTC's attempt to break 119766 failed, the pullback rhythm has become clear. The small-scale Candlestick has turned down decisively, and the pressure from the four-hour upper band has firmly suppressed the upward momentum—having not even touched 120,000, how can we talk about continuity?

The deviation of the daily moving average still exists, and the need for correction is evident. The pullback risk mentioned earlier is not just talk; now is the time to realize it.

At times like this, don't think about bottom fishing, and definitely don't chase that little rebound. The trend is very clear: the market is in a sideways bearish phase, and the pullback still has to continue. Shorting opportunities have already appeared, follow the rhythm, don't wait until the drop is deep and then slap your thigh saying "I should have shorted earlier."

BTC: Short directly at 119500-12000, with a target of 117000. If it breaks, look lower. Everyone should strictly manage their defenses.