BTC has been consolidating in the range of 84000-86000 for nearly 4 days, and it finally pulled back this morning. The current 1h pullback should still be in progress. If it cannot break 86000 by tomorrow morning, it will test the 83000 support again.
Market Analysis
First, at the 4h level, if the price does not drop below 83000 in the short term, it may continue the 4h rebound that started from 74457 on the 7th of this month. Focus on whether the short-term price can break 86400 again and stabilize above 84000. If so, it will continue to rise for a while, first focusing on around 89000. As for whether it can break 90000 in one go, we need to observe the trading volume in the next couple of days.
Back to the 1h, normally it should still be in the 1h pullback, but if it continues to break 86000 with volume, it indicates a tendency towards consolidation, making it difficult to drop below 83000 in the short term. In the coming days, trading can continue in the 83000-86000 range.
Short-term
If the 1h level is still in a pullback, then it definitely won't break 87000, so 85000 is already a good left-side short position. The maximum space for a short position upwards is 2000 points, while downwards it is at least 2000-5000 points. This means that at the very least, there is still a 1:1 risk-reward ratio, and short-term traders can try a small position for a round.
Direction: Long
Buy point 1: Around 82700
Buy point 2: Around 80300
Buy point 3: Around 78500
