Thursday: High-level consolidation power is frustrated, and the pattern is gradually weakening

Veterans fear fluctuations, while newcomers fear one-way trends. In this market, we not only need to recognize the direction but also understand the pace. It has been a difficult journey, so why rush it a bit more slowly?

Yesterday's market moved out of a fluctuating high but still couldn't stabilize, facing pressure in the 86500 area, and retreated again to the 83200 level. A broad tug-of-war formed a strong continuation, and currently, the bulls find it difficult to accumulate power for a conversion.

From a technical perspective, a small cycle box pattern has formed, still maintaining a high-level consolidation after recovering from the rise, and the overall trend is relatively slow, with both bulls and bears further contesting.

In the short term, after the price faced resistance at a high level and plummeted, recovery could not push higher. The operating channel has formed a narrowing state, and the bullish volume has not been released in an orderly manner, indicating a certain continuation of the downward fluctuation.

In the afternoon's strategy, we first look for a high short to test downwards. If it doesn't break through, we will reverse and go long:

In terms of operation, I personally suggest shorting in the 84000-84300 area and looking at 83300-82800. If it does not show continuation, directly focus on the target area long $BTC #鲍威尔发言