$BTC

Shorting on highs is the main theme, and it is still in a low-level consolidation.

Let’s divide the price levels:

9.580--8.6 is the low range

10.35-9.58 is the middle range

Above 10.35 is the high range, and 10.9-11 is the bear flag wedge inflection point

So, the recent key levels to judge the strength or weakness of BTC are clear: Only after breaking above 9.6 can we look for a move from the low to the high range, and only then do mid-range resistances matter.

In terms of cycles: 9.6 and 9.9, together with our previous views, are resonance levels.

Short-term, see Chart 3:

Trading within the hourly channel—intraday, as long as 9.03 is not broken to the downside, continue to look at channel upper resistance and targets. If it breaks below the lower boundary, wait.

So for this period:

If going long on a rebound, set your stop loss near 9 or near the lower boundary at 8.75.

The pullback view remains unchanged.