5.2 Midday Market Analysis

This morning, Bitcoin continued its downward trend, with the price steadily weakening and testing the 70,000 support level. The earlier short-selling trading idea was once again accurately executed. Recent market movements have fully aligned with the predictions, with multiple strategic layouts being fulfilled consecutively. The short positions entered early in the session successfully gained 1,300 points of profit, with 13,000 safely secured. The short-term bearish momentum is very clear.

The current market is in a weak oscillation pattern. The slight rebound at this stage is merely a technical correction after a sharp decline and does not indicate a bullish reversal signal. The correction space is limited. Once the rebound momentum is exhausted and the correction cycle completes, the overall trend will still maintain a high-altitude bearish outlook, mainly looking for declines, and avoiding bottom-fishing rebounds.

Trading Suggestions
Gradually short in the 70,500-70,800 range, targeting 69,000-69,500
Short in the 2,010-1,990 ETH range, targeting 1,900-1,940