【BTC】

Bitcoin cleared previous high liquidity over the weekend and, combined with news sentiment, dumped the market, possibly forming a third relay pattern here. The adjustment strength will be much greater than the previous two times, at least the support level established last week on the 1-hour chart cannot hold.

Currently, the 69-73k range is highly divided, and a clear trend will only emerge if one side breaks through convincingly; otherwise, it remains volatile. Coupled with this volume contraction, the intraday upside potential is very limited, and there's no need to chase a rebound;
The 4-hour upward move has already peaked near 74k. If tested again at a higher point, it should be considered a medium-term position increase. Right now, it's a bull trap, and from all perspectives, it's no longer suitable for a rally.

Short around 71.5k
TP: below 695