#BTC $BTC enters consolidation, but bulls are still expected

The price accurately reached around 0.618 last night, and this is an AR. The liquidity above does not seem to have been eliminated, and there is still a small gap that has not been filled. There are still many short sellers.

From a short perspective, those who already hold a position can try to take partial profit near the previous low of 27100 and move the defensive stop loss to gain a greater decline. Those who do not hold a position are not recommended to intervene.

From the perspective of the bulls, it seems to have entered a consolidation box. The POC of the front box is also around 0.618 and has not yet come. There is also considerable liquidity below 27100, so the violent bulls can try to get it at the bottom of the box, which is 27100. Long orders are placed on the left ladder near -26900. Radical bulls can wait for a false breakout near 27100 before entering long orders.

I personally don’t like to watch the market and prefer left-side trading strategies. Trading strategies are time-sensitive. All comments do not constitute any investment advice. I wish you all good luck~