Tuesday morning's latest Bitcoin thoughts for Week 5.5: the bullish momentum is not continuing, look for a short position intraday.

After a rally and pullback yesterday, Bitcoin rebounded again in the early hours to the 807 area, then faced resistance and declined. Currently, it is oscillating around 800. The short position taken at the high of 804 in the early hours has already made some profit, and we will continue to watch toward the target area.

On the four-hour chart, the short-term trend is still dominated by an upward bullish move. However, with multiple upper shadows appearing, the price did not show much continuation after breaking short-term resistance. This indicates that, although the small-scale trend is strong, it has not shown a clear one-sided rhythm. Intraday, expect a pullback.

Refer to the 802-807 zone for a phased short position, with a target around 780. If the price reaches the target area, do not continue to reverse to a long position.