Tuesday afternoon, in the range-bound pattern, high altitude low long



Currently, after a round of decline in the Asian session, a slight rebound was observed, followed by sideways consolidation. At present, Bitcoin is around 811, a position that can go up or down, so for now, observe and wait.

Looking at the four-hour chart, the overall trend is bullish, but since the previous surge to 828 was met with resistance, subsequent attempts to break higher have all failed. The small cycle has formed a wide-range pattern, so since there are no signs of a one-sided move, the approach should still focus on short-term trading.

In the afternoon, pay attention to resistance at 820-825, support at 805-800. Until a breakout occurs outside this range, maintain a high short position and low long position within this zone.
BTC-1.34%
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