4.30 Afternoon Bitcoin Market Outlook

Bitcoin continues the weak oscillation pattern in the afternoon, repeatedly tugging within a key range. The rebound remains under pressure and lacks strength, and the bearish market rhythm has not changed.

The short-selling strategy given during the morning rebound has been perfectly fulfilled, with prices falling as expected. The current low-level consolidation is just a mid-term correction during the decline, and the rebound strength remains weak. Selling pressure above continues to suppress, and chasing longs is highly risky.

The market has been dominated by bears throughout, with rebounds facing resistance and weakening upon encountering obstacles. The intraday strategy remains focused on shorting rebounds at high points, with only very short-term light long positions at low levels for testing. The overall trend is likely to continue weakening downward, further testing support levels.

Trading Recommendations

Short at the rebound zone of 76,000-76,500, with the first target at 75,300, and if broken, continue to watch for 74,800.
Lightly attempt very short-term longs near 74,800, entering and exiting quickly, avoiding prolonged battles.