Tuesday, 20th Week Morning Strategy: Bulls are losing momentum, expect a pullback during the day

After a decline yesterday, the market entered a consolidation phase again, with short-term narrow-range oscillation. Overnight, Bitcoin rebounded to around 93,400 and then retreated, finding some support near 92,100. Last night’s high-altitude short strategy was successfully executed, yielding over a thousand points of profit. Currently, Bitcoin is fluctuating around 90,600.

In the four-hour chart, the Bollinger Bands remain downward, and Bitcoin’s price is also oscillating within the lower band. Moving averages and various indicators are all in a bearish alignment, showing no signs of a rebound in the short term. As the rebound weakens gradually, a slight morning rebound is still a signal to continue shorting.

In the morning, consider short positions above 93,000, with targets around 91,500-90,000.