The Bitcoin market is once again facing a critical moment. According to Technical Analysis, Bitcoin is currently operating within a descending channel. It is noteworthy that the upper area around 118,000 may present a potential shorting opportunity, as the odds at this position are relatively high.

Today, the price of Bitcoin reached 117,600, just one step away from the ideal entry point. Although it's a bit regrettable, maintaining patience is crucial. The market may experience fluctuations, and investors should be cautious of potential false breakouts.

In addition to focusing on shorting opportunities, finding the bottom is equally important. A feasible strategy is to wait for the funding rate to turn negative. Whether at the top or the bottom, a rigorous trading logic should be followed to avoid blind operations.

For beginners, the fluctuations of the cryptocurrency market may seem random or purely based on luck. However, this is not the case. Surviving and profiting in this market over the long term relies more on solid fundamentals and continuous market analysis. Every trading decision should be based on in-depth research and rigorous analysis.

The cryptocurrency market is full of opportunities, but it also comes with high risks. Investors should act cautiously, continuously learn, and refine their trading strategies. Only in this way can they find a foothold in this rapidly changing market.