Yesterday, Bitcoin's volatility narrowed, and in the early morning, it rebounded slightly driven by news, with the price touching the 63,900 resistance level before quickly falling back. The high-altitude short strategy from last night was fulfilled as expected!

From the current market situation, the four-hour timeframe is in a weak oscillation rebound phase after a sharp decline, with the market's highs and lows continuously moving downward. Although the price is trading above the middle band of the Bollinger Bands, the upper band is flat, and the channel cannot expand, indicating low bullish momentum. The market remains weak, with bears holding the advantage. On the hourly level, there is a rebound followed by a pullback, with candlesticks alternating in consolidation, and the price is slowly retreating. The bullish momentum continues to weaken. The short-term correction trend is clear; the trading suggestion is to short on rebounds at higher levels.

Bitcoin rebounds near 63,800-64,300, with a short position targeting 62,000-61,000; if broken, then look toward 59,000.
The "mistress" (altcoin) rebounds near 1,680-1,710, with a short position targeting #美国5月CPI创三年新高 1,610-1,510.