The BTC price touched the previously untested POC of the consolidation value range from the previous week yesterday. This position coincides with the "supply wall" of both Spot and contracts, and the order book depth shows strong selling pressure.

After touching the POC, there has been continuous selling, causing the price to directly break below the recent local range. This morning, there was a false breakdown, but it has now recovered.

Boring market conditions. It's very difficult to trade this kind of small range fluctuation if you look at naked K lines, as the ups and downs are all false breakouts. Moreover, in the recent market, even retail traders are afraid to hold positions, constantly getting stopped out, and chasing breakouts just leads to getting trapped.
The first lesson in trading is to learn that being in a cash position is also a form of trading.
If you insist on participating in this bullshit market, don’t look at the K-line, just observe the price within the range. Set your stop loss based on the closing of a higher timeframe. This method can reduce ineffective stop losses, but in a narrow range of fluctuations, the risk-reward ratio is actually not very good.

There is logic to both going long and going short in this place, but neither is the best entry point. It's better to trade within the range for now.
1% bias:
The possibility of a pullback is 51%.
The possibility of rising first is 49%