BTC#比特币btc#

Last night, Bitcoin surged to around 79,500, and the altcoin also surged to the 2,340 level. This high level provided an excellent entry point for short positions. Those who positioned within this range have basically achieved double returns.
Let me share my personal market view: Currently, the four-hour chart of Bitcoin has shown clear signs of a breakdown, with the bullish momentum clearly weakening as it surges higher. The signs of resistance and pullback at high levels are very obvious, and in the short term, a continued correction is highly likely.
The first target for the short-term decline is around 77,600. For those holding short positions, you can start to reduce your positions gradually or take profits at this support level; if the 77,600 support is broken directly by the bears without an effective rebound, the next level to watch is around 77,000, and the market is likely to probe down to the 76,300-75,000 range.
My approach is not to chase high positions. For those who prefer a more conservative strategy, patiently wait for the price to dip into the 75,000-76,300 low range before gradually adding to long positions. This offers a higher cost-performance ratio and can also help avoid the risk of being caught in a chase.
Conversely, regarding the rebound strategy: if the market wants to regain strength and surge again, it must break and hold above the 78,500 level on the four-hour close. Once the four-hour candle closes firmly above this level, it indicates the correction phase is over. Short positions should be exited promptly without hesitation. The subsequent rebound targets are 79,500, 81,000, and 82,000.
My personal forecast is that overall, the market will remain weak with high-level oscillations. Rebounds should be viewed as a recovery, not a strong buy signal. Do not chase longs or buy high impulsively. When the market rebounds to around 81,000, it remains an excellent opportunity for a second short entry. In the short term, strictly focus on key support and resistance levels, and execute high sell and low buy strategies. Be sure to set stop-losses and control your position sizes!