Tuesday afternoon, Bitcoin analysis!

In terms of news, the tariff policy has temporarily come to a pause, and the price trend has also returned to calm, currently in a range-bound fluctuation; previously, the price was greatly influenced by the news and surged strongly, but after several trading days of consumption and conclusion, there has been a significant retracement. This indicates that the upward trend may need to slow down. Why is that? First: In terms of trend, there has been no continuation; yesterday's price retracement was too strong, breaking below the support level. The rebound after midnight is just a correction; second: The consumption of news, the market's bullish enthusiasm is in a phase of moderation. This summarizes the current situation of news and the trend.

Regarding today, the daily candlestick closed with a small bearish candle yesterday, and the candlestick pattern shows consecutive bearish retracements, with the price still at a high level. The indicators in the appended chart are in a golden cross, indicating that the overall trend is still bullish; however, due to the current trend and the consumption of news, the price has entered a range-bound fluctuation. The resistance level is around 103000, and the support level is around 100600. In the short-term four-hour chart, the candlestick pattern shows consecutive bearish formations with the indicators in a death cross. The current price rebound has approached the resistance level, and the price was clearly suppressed during the European and American trading sessions yesterday, with a rebound correction after midnight, but the pressure on the price is very obvious. Therefore, it is highly likely that after facing pressure during the day, the price will still decline. Thus, for short-term operations, the focus is on short positions!

Bitcoin afternoon suggestion: Rebound in the 103000-103500 range! Target at 101500, and continuation towards 100000!

Finally, I emphasize, trade lightly, avoid heavy losses!