Midday Thoughts

From a market perspective, recently Bitcoin rebounded from 63,000 to 74,000 and then pulled back. Yesterday closed with a long upper shadow bearish candle, breaking below the short-term 5-day moving average. Currently, the overall trend is a high-level consolidation and correction, with bullish momentum weakening and entering a high-level adjustment cycle. On the 4-hour chart, after falling from the high, multiple rebounds encountered resistance. The short-term moving averages (EMA15/30) are trending downward, with the price below EMA15, indicating that the bears are temporarily in control. On the 1-hour chart, the price is oscillating narrowly around 71,000, with candlesticks showing mixed bullish and bearish signals, indicating consolidation.

In the short term, focus on the 72,000 level as the key support/resistance. Watch for support at 69,500 and 68,500, with a cautious approach favoring short positions at high levels. Weekly trading strategy:
- Short at 71,200 with a stop-loss above 72,800, targeting 70,200-69,500. If broken downward, look toward around 68,500.
- Long at 68,500-69,300 with a stop-loss below 67,700, targeting 70,500-71,300.
- Short on the姨太 (mistress) at 2110-2070, with a stop-loss above 2150, targeting 1980-1950.
- Long at 1940-1970, with a stop-loss below 1900, targeting 2010-2050.