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Tuesday morning analysis
Last night, the big pancake dipped to around 107500 but did not continue to decline, rebounding to 108400. The second pancake also retreated to a low point of 2505, then rebounded to around 2550, indicating a short-term strengthening trend.
The overall market is dominated by bears, with support being met by resistance from bulls. The daily chart shows alternating bearish and bullish candles; if a bearish candle closes and support holds, the consolidation will continue. The focus is on short positions in the morning.
Operation Suggestions
Short on Bitcoin in the range of 108700—109200, target 107000.
Short on 2560—2580 range, target 2480
#BTC