This market is getting increasingly sluggish—the oscillation tone is getting thicker the longer it goes. After rallying to 765 before dawn and meeting resistance, it has slid lower all the way, with the current low at 754. The 760 short given this morning only yielded a small profit of 600 points. As of now, the price is in a high-level consolidation, and the technical structure has not yet produced a clear bullish or bearish signal. In the afternoon, continue to first look for a pullback; after it drops, then look for a long. Reference the short in the 760-765 area, targeting 750-740. After reaching the target zone, do not continue with the counter-trend long $BTC .

BTC-0.51%
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