#BTC Yesterday first surged higher, then retraced; yesterday's lows initially dipped, and after reaching 762, a stance was already indicated or part of the reduction, with over 1200 points, so the move was just a pullback. During the night, I initially planned a short position, but supported by the fundamentals, it reached 471 directly, with nearly 1500 points, so the weekend focus is not on the trend structure but on monitoring the fundamentals, which is also a repeated theme. At the same time, last week has already completed its move, with a total of 23k points overall. The trend is basically consistent with expectations; those expecting volume increases saw volume increase, and those expecting range-bound oscillations saw range-bound oscillations. So, the structural change has been clearly analyzed, and it’s not yet a matter of inevitability, but for those unfamiliar with the structural changes, it’s a different story.

Overall, last week’s trend showed three consecutive positive days, but the upper shadow was longer than the real body, indicating there is still considerable selling pressure above. Considering the current US-Iran situation, there is still a long way to go. Therefore, a short-term continuation of the pullback is more likely. The five-day trend turned from bullish to bearish, already testing the Bollinger middle band support; once broken, the weakness may continue. The three-day trend is facing resistance at the Bollinger upper band, and there are no signs of the bands opening, indicating strong resistance overhead. Additionally, the short position has already been liquidated, so the possibility of liquidating the long position is high. Based on the overall situation, structure, and characteristics, intraday outlook suggests the short position will continue to weaken.

Look for short positions around 748 to 752, targeting around 722 to 719.