Morning Thoughts

The 4-hour cycle chart shows a clear trend, with the price rising strongly for three consecutive days, completing a short-term market correction.
The selling pressure from the bears continues to diminish, and the short-term bullish rebound momentum is obvious.

However, the overall major trend still remains in a downward channel, and the bearish dominance has not changed.
The key focus is whether the price can effectively break through the middle band resistance of the 4-hour Bollinger Bands.
Currently, the buying volume only temporarily supports the price level, which is a weak technical rebound within a downtrend.
The upward momentum is insufficient, and the probability of a pullback under pressure is very high.

Considering the strength of the bulls and bears and the overall trend direction, the main strategy remains to follow the trend and look for short opportunities.
Ignore short-term false signals of a rebound and focus on shorting high during rebounds.

When Bitcoin rebounds to the 77,600-78,200 range, enter short positions, targeting a decline to 76,800-75,300.
For altcoins, rebounding to the 2,160-2,200 range, establish short positions, with a downside target of 2,120-2,060.