Continuing the consolidation, range-bound thinking. Good morning brothers, yesterday we saw a dip near 87,500 and 2,970 for Yitai, Bitcoin moved down to around 17,000, and Yitai dropped about 40 points within the range. Brothers with heavy positions can reduce them in batches.

Currently, the overall background remains unchanged, continuing the consolidation. On the daily chart, the volume is decreasing, MACD is shrinking, and moving averages are converging. The 4-hour situation is similar; without volume support, it’s quite difficult to break free from the consolidation center.

Brothers can continue with range-bound thinking at this stage. Bitcoin’s range is between 86,400-90,500, and Yitai’s range is between 2,890-3,077. The strategy is to buy near the lower part of the large range and sell near the upper part.

Sell around 88,800, add to the short around 89,300-89,800, with a stop above 90,300, watching for support at 87,500-86,500.
Short around 3,010, add to the short around 3,030-3,050, with a stop above 3,075, watching for support at 2,950, with strong support at 2,910.
Below, support at 87,500-87,000, if Yitai breaks below 2,960 with no strength, then go short directly.
Volume leads price; without volume, it’s hard to make big moves. Brothers, continue to harvest profits within the range.