Today's Bitcoin Strategy
From the current market perspective, Bitcoin is still in a downward channel, and the trend is very clear, with no reversal signals.
The Bollinger Bands are showing a significant opening downward, and prices are continuously running in the middle-lower track area, with the middle track around 76500 becoming a strong resistance level. Multiple rebounds have failed to return to the middle track, and the pullbacks have been suppressed, indicating that the bearish dominance is still evident. The lows continue to move downwards, and after breaking through the level of 71800, there has only been a technical pullback with insufficient volume, characterizing a weak rebound structure.
The overall rhythm is down, weak rebound, and then down again, not a bottom-building market.
Operational Strategy
At this stage, it is not suitable to catch the bottom; the primary strategy is to short in line with the trend.
Rebounds to the 76000-76500 area should be used to gradually place short orders, with targets below focusing on 72000, and further looking towards the 70000-69000 area!
