Bitcoin experienced a tempting rebound yesterday, catching shorts off guard with a quick pullback, but the uptrend is difficult to maintain. Today, it has once again fallen back, highlighting that the bears still hold the initiative. The four-hour cycle shows that after reaching the median line, the price was unable to stabilize, subsequently recording a bearish candle and falling back into the middle-lower range, with bearish momentum continuing to be released and obvious short-term pressure.
In terms of operation, one should follow the trend and adopt a short-selling strategy on rallies.
Focus on the 69500–70000 key resistance zone for entry opportunities.
Targets look towards the 65000 mark.
At the same time, set a defense level to control downside risk.
The short-term trend basically confirms previous judgments, likely maintaining a wide-ranging fluctuation pattern. However, the overall major trend remains in a downward channel, with rebounds more as technical corrections rather than trend reversal signals. Therefore, each rebound can be viewed as a good opportunity to short, but strict discipline must be followed, with proper stop-loss measures in place to guard against intensified short-term fluctuations.
The movement of Ethereum is highly synchronized with Bitcoin, and currently, there are no signs of independent行情 or trend reversal. The operational logic can refer to Bitcoin, focusing on shorting on rallies and waiting for a clear bottom pattern to form before adjusting strategies. $BTC
