5.1 Afternoon Thought Sharing

$BTC From the four-hour chart, Bitcoin initially surged higher and then faced resistance and pulled back. Recently, there has been a slight rebound, but overall it remains in a correction phase characterized by oscillation and weakness, with bulls failing to generate sustained upward momentum. From the trend perspective, the price's rebound has never broken through the upper boundary of the previous downtrend zone, and trading volume has not shown significant expansion, indicating insufficient buying strength and that the rebound is mainly a technical correction after the decline. The key support area below has been tested multiple times, weakening its support strength. Once the rebound momentum exhausts, it is easy for the price to resume downward movement. Combining the current candlestick structure, the body of the candles during the rebound is gradually narrowing, with an increase in upper shadows, indicating heavy selling pressure above and a gradual accumulation of bearish power.

In terms of trading strategy, the current bias is more bearish. Consider short positions near the resistance area during the rebound. The key resistance levels above are good entry points, with stop-loss set just above the recent rebound high. The target is the lower support zone. If support is effectively broken, further downside is possible. It is important to note that the overall market remains in a consolidation range, and attention should be paid to whether the price can effectively break below the key support to confirm the continuation of the bearish trend. If an unexpected breakout occurs above resistance, the strategy should be adjusted promptly.

Bitcoin trading strategy: Short around 77,500-77,800, target 76,000
Altcoin trading strategy: Short around 2,285-2,295, target 2,240