#Gate ETH十周年理财专区# #中美经贸会谈#

Bitcoin's price continued to decline to a low point of 116900 in the early morning before entering a consolidation phase. It has now begun a rebound correction, currently trading around 117700. Yesterday maintained a month-end adjustment state, with both low long and high short positions being taken during the day. The current four-hour pattern indicates a downward trend, with significant pressure at high levels, and the hourly chart continues to show weakening bearish momentum. Short-term rebound momentum remains limited, and the price action shows clear signs of weakness. The upper pressure zone has shown strength, with multiple rebound attempts failing to achieve effective breakthroughs, indicating noticeable pressure at relatively high price levels, suggesting that short-term downside risks still exist. The previous rebound momentum could not be sustained; after the halt in gains, the market has once again fallen into a narrow fluctuation pattern. The short-term operational strategy can revolve around the range: if the price cannot break through the upper pressure zone, one can consider placing high short positions to bet on a retracement; while near the key support level below, light long positions can be taken to capture rebound opportunities. It is important to adjust the strategy promptly if a break signal appears during trading.