Tuesday Afternoon

Tonight, Bitcoin surged again to around 700 but failed to sustain the rally and then pulled back. This morning, it continued to decline, with the lowest point around 682. In the short term, it rose and then fell back, but there are no signs of a sustained downtrend. Breaking below 680 is difficult to open a downward channel, so this afternoon, the focus remains on a short-term rebound. After an upward move, consider shorting again. Look for long positions around 680, targeting the 690-695 range. If it rises and does not continue, then switch to a short position.