Market has been oscillating and weakening since early morning from 73,100. Short-term rebounds are just traps for more selling; relying on the rebound highs to logically short again, the price continued to decline overnight to 68,700. Bitcoin's performance today perfectly fulfilled the strategy we provided all day—short around 71,400 from the morning. As Bitcoin kept falling, our target levels further lowered accordingly. Entered at 71,400, exited at 69,200 in the evening. The two short positions nearly gained 50K in profit. Throughout the day, four strategy calls hit the market precisely, with the trend exactly as we predicted! Opportunities are right in front of us, but hesitation and lack of execution prevent us from grabbing them. The market never lacks opportunities; what’s missing are decisive traders. Stay calm, execute steadily, and you’ll gradually accumulate your first pot of gold.
From the current technical structure, the price has started a stair-step decline from 71,000. The hourly K-line shows a pattern of continuously lower highs and lower lows, a standard bearish arrangement. The single bullish candle during the session was just a technical minor correction during the decline. The rebound was weak and failed to change the suppression caused by moving averages and pattern structure. After the rebound, the market faced renewed pressure and continued to fall, with the market’s center of gravity steadily moving down to around 68,700. The overall bearish trend is complete and quite persistent. Based on the market’s operational rules, whenever there is a short-term rebound correction and the price approaches the upper short-term resistance zone, it’s an appropriate time to follow the trend and short again. Tonight, I personally suggest continuing to look for short opportunities, or you can short directly at the current price.
Nighttime personal suggestion: short Bitcoin around 69,000-69,500, targeting about 67,500; Ethereum at 1,995-2,015, targeting around 1,935.
