Bitcoin price showed signs of a rebound halt on Tuesday morning, with market participants adopting a cautious attitude toward intraday trading.

Last night, the price of Bitcoin rose again, encountering resistance after reaching around 1143 USD. Although the continuous rise has brought a certain level of optimism to the market, this upward trend seems to imply a risk of inducing long positions.

Analyzing from multiple time frames, the current rebound has not formed a clear reversal signal. It is more like a technical correction after a significant price drop. Although the short-term trend is strong, the resistance above should not be overlooked. In this case, it may not be wise for bulls to chase higher, and investors should closely monitor the key resistance level around $1150.

For day traders, it may be worth considering short selling opportunities in the range of $1145-$1150, with a target price around $1130. If the price breaks below the support, it may decline further. However, if the support holds firm, one might consider switching to a short-term long strategy.

Overall, the current market environment is complex, and investors should remain vigilant, closely monitor price trends and changes in trading volume, and adjust their trading strategies in a timely manner. Whether going long or short, strict risk management and stop-loss strategies are necessary.