Currently, Bitcoin's early morning high reached around 1088, which is also near the upper boundary of the consolidation triangle, retreating to a low of around 107400.
At this stage, the market is about to enter the summer lull period, with clear triangle pressure. Meanwhile, within the volume range, there was a clear phenomenon of three distributions yesterday, but this morning completed the final high test. The 4-hour MACD has already shown a top divergence. The bears are about to gain momentum.
The regional wars in the external market have not yet ended. Although there is a short-term calm, the ceasefire agreement can be torn apart at any time within just a week.
Therefore, based on the above, the current pressure has receded to the starting point, indicating serious selling pressure above, while bulls are trying to push up. The difficulty is evident. Thus, the focus will be on shorting during rebounds.
Control at 10800-10850
Looking down at 1063 and 1040-1030