With the arrival of Black Friday, the crypto asset market has once again fallen into turmoil. Bitcoin experienced a rebound of about 700 points in the early hours, but then continued to hit a low. Ethereum also saw a pullback after finding support around $4270.
Currently, Bitcoin is oscillating around $112,500. From a technical perspective, the hourly chart shows the price operating at the lower Bollinger Band, and the KDJ indicator has formed a golden cross upwards. However, the daily candle closed with a bearish trend yesterday, and it remains to be seen whether a bearish engulfing reversal

Bitcoin# If it can't hold above 1186 today, it will need to pull back, resulting in a pullback to 1150. I mentioned a couple of days ago that if it breaks below 1167, go short directly. Today, the market data has pumped up, probably reaching around the 1173 position. If it comes down directly and breaks below 1170, go short directly with a target of 1130. If it doesn't fall and breaks above 1176, hold above with a target of 1190.