After spiking high to 1829 on an hourly basis, it quickly pulled back. The current price is locked in the 1780-1820 box-shaped consolidation range, with long and short sides repeatedly pulling against each other. In the short term, there is no clear one-way trend, so it is suitable to sell short near the top of the range and buy low near the bottom, trading around the range boundaries.

The MACD green histogram bars gradually narrow but are still below the zero line. The KDJ turns up from a low level and repairs higher. The overall ranging pattern has not been broken. Support and resistance at the upper and lower bounds are clear, so you can build positions in batches within the range.

One more thing to watch: consider entering a sell order near 1820. Target around 1775.

Defense: 1825 (if there is an effective breakout above the top of the box and the consolidation logic fails, exit immediately).

Consider entering a buy order near 1780. Target around 1820.

Defense: 1775 (if there is an effective breakdown below the bottom of the box, give up the long idea).

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