Jinyin Ying: The four-hour Bitcoin rebound momentum has been completely exhausted, with the strong resistance at the 65,600 level clearly bearing the pressure, and the bearish main trend is reaffirmed. The current price is consolidating in a narrow range around 64,000 with weak sideways movement.

This upward move is only a technical correction after a deep decline, and no bullish reversal confirmation signals have appeared in the market; the Bollinger Bands remain diverging downward, and the medium-term downward channel is fully open.

The cycle moving averages are arranged in a standard bearish divergence, and the rebound impulse strength of the indicator in the chart is severely lacking. Market buying interest remains low, and there is still room for further downward testing in the short term. The overall trading strategy is to follow the trend and mainly short at high points.

Trading ideas
Short positions are to be arranged in the Bitcoin pressure zone of 64,300–64,800, with the downward targets at 63,200 and 62,600;

Enter short positions at Ethereum resistance zone of 1,735–1,750, with take-profit zones below at 1,710 and 1,670. #我的Gate交易时刻