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The Bitcoin market shows a trend of initially declining and then rising, with the price first retreating from the high point of 117222 to the low point of 115837 before stopping, followed by another rebound upward, reaching a peak of 116919 in the early morning. According to the current market situation, the four-hour level indicates that the market is showing a two consecutive green candle momentum, once again attempting to recover towards the upper Bollinger Band. However, the KDJ indicator's three lines are still in a downward extending state, and the death cross pattern remains intact. The MACD indicator's histogram is showing a contraction above the 0 axis, indicating a decrease in buying strength. From the one-hour level perspective, it shows that the market is running with a slight pullback to above the middle track of the Bollinger Band, but currently, both bulls and bears are competing fiercely, with the MACD indicator's two lines running closely together, and the indicator values approaching zero, indicating that the overall market is at a critical point of low conversion. However, based on the previous trend, the bulls show insufficient sustained momentum after reaching a high and have not provided a signal for a second upward probe. Therefore, in our morning operations, we will continue to maintain a high short strategy.