Under the guidance of the bright lamp

Tuesday, limited short-term rebound, first short then long in the morning

Yesterday, Bitcoin failed to break through the second dip at 935, and the price began to rise, but there was no substantial breakthrough. Although it broke through the pressure at 950 in the short term, it did not hold steady, and is currently hovering around the 948 area.

On the daily chart, Bitcoin has rebounded after consecutive declines, showing a wide range pattern in the short term, but still leans towards bullish in the larger timeframe. In the short-term 4-hour chart, the price has significantly dropped below the lower boundary, forming support in the 935 area and then moving upwards with consecutive gains, but the strength is limited, and the price is running between the middle and lower boundaries. The short-term rebound is a normal adjustment after the decline, so the morning suggestion is to first treat it as a short at high levels, then go long after it drops.

In the morning, Bitcoin reference for shorting is the 949-954 area, watch the 940 area, if it doesn’t continue downwards, consider flipping to long. $BTC