Thursday Morning Bitcoin Market Outlook

The current market remains predominantly in a volatile oscillation. Last night, the bulls attempted a rebound, but the momentum was clearly insufficient. After bouncing to the 71,300 level, the price quickly faced resistance and pulled back, indicating that selling pressure above still exists. In the short term, the trend continues to fluctuate within the range.
From the four-hour structure, the price temporarily broke through the upper Bollinger Band but did not establish a sustained move, then quickly retreated. Currently, the market finds temporary support near the middle band, but the rebound momentum has significantly weakened. Short-term resistance is mainly concentrated in the 71,500–72,000 range. As long as this level cannot be effectively stabilized, the overall strategy remains to focus on shorting the rebounds, with low buying on dips as a supplementary approach.
Morning Trading Tips
Consider short positions above 70,500 during rebounds,
Pay close attention to support levels at 69,000–68,000 below. If the price pulls back without a sustained breakdown, look for short-term reversal buy opportunities.
Overall, the market is still in a range-bound phase. Be careful not to chase highs or sell lows. Patience is key—wait for critical levels before entering positions.
$BTC ‌#Gate蓝龙虾重磅上线