$BTC 3.24 Tuesday, current price 705, 1HK chart is in a consolidation phase, price is at the hourly K-line Bollinger middle band, daily and 4H level charts have not formed a bullish structure. The explosive rise triggered by yesterday's news failed to break through the key resistance level at 720.

The strategy remains primarily bearish bias.

On the upside, after charging up to 715-720 and pulling back, can set up short positions.
On the downside, support at 698-700, can set up light long positions at 700-702.