#Bitcoin The hourly-level signals indicating a stop in the downtrend that appeared in the early morning have been broken again, followed by new short-term stop signals. When stop signals appear consecutively and are broken multiple times, it indicates that the short-term trend for this week is still predominantly downward, and the macro sentiment is not very optimistic. At this point, it is advisable not to blindly go long; it is still necessary to wait for a key support test, and on the macro side, we need to wait for some important events to unfold. Currently, the hourly-level stop signals are still not clear enough. Personally, I believe we should wait for a long candlestick on the daily chart before making a judgment. The continuous appearance of "false" stop signals at the hourly level indicates that market sentiment is not yet completely clear. The short-term sentiment in the buy and sell orders is not very evident. We should wait for Powell's speech this week to conclude, which will clear all the "negative" sentiments from this week, and then activate a large amount of buying, forming a longer "stop" trend on the daily chart, which would likely signal the end of this week's short-term downtrend. For the short-term rebound, we should look at the breakthrough of the two consecutive resistance levels at 113,800 and 114,700. If the first resistance cannot be broken, it indicates a weak rebound, and the hourly-level stop signals are likely to be broken again!