$BTC Still a bear market! #我的Gate交易时刻 1️⃣: BTC is in a "rebound within a downtrend." 30d -18.48%, 200d -26.01%, the downtrend remains unchanged. But it rebounded from $59,080 to $63,574 (+7.6%), approaching resistance zone at $64,000-65,000.

2️⃣: The quality of the rebound is questionable. Falling OI + rising price = short covering driven, not new longs entering. Funding shifted from -0.3% to +4.7% = crowded longs. ETF outflows continue = institutions are withdrawing.
3️⃣: Shorting odds are better than longing. Short at $64,200-65,000, stop-loss at $66,000, target $62,272 → $60,775, odds 2.5:1. Waiting to go long at $60,500-61,500 for a better bottom-fishing odds (3.5:1).

One sentence: BTC is in the "final stage of a rebound within a downtrend" — rebounded 7.6% from $59,080 to $63,574, but close to strong resistance at $64,000-65,000, with falling OI + positive funding + ETF outflows = rebound momentum exhausted. Main strategy: short at $64,200-65,000, stop-loss $66,000, target $62,272 → $60,775. Alternative: go long at $60,500-61,500 for bottom-fishing, odds 3.5:1.