Currently, BTC is stuck in a small-cycle range consolidation.


The bulls have been unable to sustain a counterattack.
They have failed to reclaim the losses from the previous decline.
The small bullish candle on today's daily close
is merely a short-term technical repair after oversold conditions.
There is no reversal signal to support it.
At present, bulls and bears are repeatedly pulling back and fighting for control.
But the bulls' rebound is clearly lacking momentum.
They have never been able to break through the key resistance level above.
The upside space is completely locked.
From the rhythm of the market,
after this short-term inertia small rebound, it will fall again.
The overall weak pattern will not change.
In operation, wait patiently for the price to rise near the resistance level.
Only after a clear sign of rejection appears,
then follow the trend and enter a short position.$BTC $ETH
BTC0.54%
ETH1.31%
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