Tuesday, do not chase long positions at high levels, first short

Last night, after the US stock market opened low and rose high, Bitcoin continued to rise slowly, currently stabilizing above 1050, and finally stopped at around 1058, now fluctuating at high levels. In the short term, although the bulls have risen, there has been no continuation, indicating strong resistance above. Therefore, we will continue to maintain a high short position.

In the 4-hour chart, the price of the coin rebounded from the bottom, and after two consecutive solid bullish candlesticks, it failed to close above yesterday's high. Currently, it has formed a doji, while the bulls face resistance in the short term. In the 1-hour chart, after the price of the coin rose, it maintained a narrow range of fluctuations, with no continued upward momentum in the short term. Do not chase long positions at high levels; just enter short in the morning.

In the morning, Bitcoin is short around the 1057-1062 area, looking at the 1040-1030 area $BTC