Bitcoin continues its weak downward trend, with the lowest point during the session reaching around 61,300 before bouncing back. Yesterday, I maintained a bearish strategy, accurately capturing all the declines! Although there was a slight technical rebound after overselling, the overall environment remains in a bearish major trend.

The daily chart still shows a weak trend, and the bearish structure has not been broken. All moving averages across different cycles form layers of resistance from top to bottom, and the Bollinger Bands are opening downward, indicating a complete and smooth downward channel. The MACD bearish momentum continues to expand and dominates, with no clear reversal signals on the larger timeframes. Although the 4-hour short-term shows slight bullish divergence and some oversold correction needs, it is currently only in a sideways consolidation stage—do not be blindly optimistic.

The weak structure remains unchanged; continue to operate mainly with a "high short" mindset! The current sideways consolidation is just a technical correction during the decline, not a trend reversal. Until clear reversal signals appear on the larger timeframes, taking advantage of rallies to position remains the core strategy. Set stop-losses properly, strictly control positions—surviving is always more important than single-instance huge profits!

Bitcoin rebound target: short at around 63,500-64,200, with targets at 62,000-61,000-60,000.

Ethereum short at around 1,750-1,780, $BTC with targets at 1,710-1,650.