After the rise and fall, the market will enter a phase of consolidation. Today is Saturday, so we will not focus on one-sided trends; instead, we will treat it as a range.

Overnight, Bitcoin continued to decline to the 1072 level. In terms of trend, the bullish upward momentum is weakening, and the pattern has shifted from strong to weak.

On the 4-hour chart, Bitcoin surged, then pulled back before rebounding. Currently, the price is being suppressed by the middle band and has not managed to make further upward movements. In the short term, it is facing resistance, while the Bollinger Bands are narrowing, and the indicators are all in a bearish pattern. For today’s strategy, we will go short first; if it doesn’t continue down, we will go long.

Refer to the short position in the 1085 area for Bitcoin, looking at 1070. If it breaks, we will continue to look down; otherwise, we will reverse to long. #币圈