$BTC , after a decline in Bitcoin over the past few days, the downward momentum has almost exhausted, followed by a slight rebound. A climax of a downward movement usually does not reverse immediately but enters a trading range. After completing the U.S. session, $BTC surged violently but suddenly fell back at the previous high, confirming that $BTC is currently moving within a trading range. One can trade high at the top and low at the bottom within this trading range.
Trading ranges cannot exist indefinitely; there will always be a day when they are broken. However, when a trading range is broken, it will continue to develop in the original trend direction, which means continuing to decline! To test lower lows around 86000-84000, BTC did well during this decline, completing a good correction before starting to rise again, creating a new high of 110,000!