Evening Analysis:
The four-hour level chart shows that the Bitcoin price is operating in the core area of a consolidation pattern. The strength threshold of this technical formation is triggering intense competition between bulls and bears, and the outcome of this struggle will directly affect the evolution of the medium-term trend. The current market faces two technical possibilities: if buyers can establish a solid defensive position in this critical area, it may drive the price to stabilize and rebound; conversely, if the bearish forces achieve an effective breakthrough here, a deep pullback after a false breakout to lure buyers cannot be ruled out.
The daily cycle closed with a solid bullish candle yesterday, but the volume indicators have not yet formed effective coordination. This technical divergence indicates that the intraday market will enter a heated contention stage, and market volatility may sharply increase, with major funds possibly completing chip turnover through wide fluctuations. It is worth noting that there is a large overlap of trapped positions and profit-taking in the current price range, and traders are advised to pay close attention to the changes in the market during the European and American trading sessions. In terms of trading strategy, it may be considered to place short positions near key resistance levels, with strict stop-loss protection set.
Big Cake: Short around 85300—86300, with a target looking towards 84000—83000.