$BTC is currently still in a state where bulls have the advantage.

As for the reason why the spot premium index does not meet the conditions for shorting, it is mainly due to MicroStrategy purchasing 10,000 BTC yesterday.

Now $BTC has returned above the middle track and has tested the middle track, and the support appears effective in the short term;

Therefore, the analysis for Tuesday is slightly more complex:

1. Both the highs and lows are clearly converging, so the probability of a converging oscillation around the middle track here is quite large;

2. The channel is completely flat, so no matter what, it is impossible to draw a trend expectation; it really could either rise or fall;

3. There are two potential converging triangles, one is a small triangle with a steep slope, and the other is a large triangle with a gentler slope. Subjectively, the breakout of the small triangle is likely to be an inducement, while the breakout of the large triangle is the key behavior for directional choice;

You can try to sketch out these two potential converging triangles, one large and one small; everyone's trend lines are different, so I won't draw them...

4. Potential trading opportunities:

Engage in short-term speculation along the upper and lower edges of the two converging triangles, and try to avoid making patterns.