Last night, Bitcoin experienced a short-term rally, strongly breaking through the 65,000 level, rising to a high of 65,597 before facing resistance and declining. Currently, the price is consolidating sideways around the 64,000 range. The high-altitude positioning maintained since early yesterday morning has been successfully realized with this round of correction!

From the current market situation, the daily chart shows consecutive long upper shadow candles, with the rebound highs decreasing in a stepwise manner. A large amount of trapped positions and selling pressure are stacked above. The market has not been able to break through the key resistance zone with a solid bullish candle, and the overall daily oscillation remains in a bearish pattern. The 4-hour Bollinger Bands continue to contract, indicating the market has entered a sideways consolidation phase, with the current price closely following the middle band of the Bollinger. Previously, rapid declines occurred after touching the upper band, and the middle band has now become a short-term dividing line between bulls and bears. The Bollinger Bands' continuous narrowing suggests reduced volatility, and a trend reversal window is approaching, with the battle between bulls and bears intensifying. The 1-hour Bollinger Bands are turning downward, with the price breaking below the middle band, operating in the weak zone between the middle and lower bands. The short-term trend remains under pressure from the middle band, and the channel is slightly opening downward. Short-term bears are dominant, and every rebound is an opportunity for shorting.

Bitcoin's rebound around 64,300-64,800 is a good shorting zone, with targets at 62,800-61,800.
The "Auntie" (altcoin) rebound around 1,735-1,765 is a good shorting zone, with targets #Gate股票7x24小时交易 at 1,680-1,600.