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In a weak market, a rebound is not a reversal; it's just giving the bears a microphone.
As a result, the market is cooperating well, rising but still unable to stabilize, just to be pushed back down after a brief rise, a classic weak trend.
Currently, the rebound strength in the market is clearly insufficient, with no sustained upward momentum, indicating selling pressure above is still present.
Bulls have tried several times to organize a counterattack, but it’s like a temporary team fighting ranked matches—disbanding right at the start.
As long as the key resistance above cannot be broken, the bear’s rhythm is not over yet.
The next idea is very simple:
If the rebound cannot break the resistance level, continue holding short positions.
If another high opportunity appears, you can still add to your positions in batches.
The biggest fear in this kind of trend is not a fall, but watching it drop and only then thinking of chasing.
Operational reference:
Bitcoin: The area above 77,000 remains a key resistance zone.
Rebounds facing resistance can still be shorted.
First look at 75,500 below.
If broken, continue to watch around 73,000.
Don’t always think about catching the bottom as a hero when trading,
Many people don’t die in a downtrend; they die in the phrase “This time it’s definitely bottomed out.”
Before the trend changes, following the trend is the best strategy.
Today, anyone going against the trend and going long will most likely be taught a lesson by the market.