The market on Tuesday has finished again, and the overall intraday volatility is not very large. The coin price continues to fluctuate within the range, failing to break out of a one-sided structure. The market is quite stagnant. In the morning, a bearish outlook was given, and I entered a short position when the major coin rebounded to around 950, exiting near 940. There was no strong breakout at the top, so I responded again with a range structure. In actual trading, the focus was mainly on positioning around the range, with short-term operations as the priority. Although the profit per trade is not very large, ranging from a few hundred to a thousand points, the cumulative gains from multiple trades are quite considerable. Just follow the market rhythm.
From the current market perspective, after a series of rebounds and breaking new highs, the momentum is insufficient. Multiple rebounds are capped near 955, and the daily chart once again shows a Doji candlestick pattern. The market is still in a high-level consolidation, with strong support below, and the lower points are gradually moving up. After continuous highs, it is normal to take time to repair and consolidate. Looking at the 4-hour structure, the overall trend still breaks the box structure, and the range is in a broad consolidation. On the hourly chart, there is a tug-of-war between bulls and bears, which is also to prepare for a one-sided structure. Therefore, evening operations can be conducted around the range, and if there is a breakout, follow the trend.
In the evening, the major coin can be shorted at 95300-95800, targeting around 93500, and Ethereum can be shorted at 1830-1850, targeting around 1750. #比特币 $BTC