This morning, I clearly explained to everyone that the rebound caused by the news is an opportunity for us to open short positions. I directly suggested opening shorts at the current price of 64,528, with the target around 63,800. The one-hour chart is currently following the forecast perfectly, with the price continuously falling from the high of 64,788. It has now dropped to 63,911, soon reaching the first target level.

The one-hour bearish logic is fully confirmed: it is inherently in a clear downtrend. This wave of positive news-driven rally did not even break through the previous downward trend. The high points are gradually moving lower, and the bearish structure remains unchanged. Essentially, it’s a weak rebound during a decline; the Bollinger Bands remain open downward throughout, and after touching the upper band at 64,856 resistance, the price quickly turned around. It has now broken below the Bollinger middle band at 64,019, which has officially shifted from support to strong resistance. The bears are completely in control of the market rhythm. During the pullback, selling pressure continues to release, and bullish buying lacks follow-through. The volume and price action are fully biased toward the bears.

The strategy remains unchanged: continue holding short positions firmly. Focus on the 63,800 support level. Once it is effectively broken, the market will accelerate downward to test the previous low of 63,220. For those who missed the rebound, the retest of the middle band remains an entry opportunity for shorts. $BTC $ETH