BTC Market Analysis: Do not chase longs, focus on shorting on bounces!

The current market picture is very clear:
The rebound is weak, the continuity of longs is extremely poor, and the oscillation center of gravity is weak. The overall structure is a weak recovery, and blindly chasing longs is absolutely not suitable.

Why firmly not chase longs?

The latest decline touched around 58000, with obvious panic selling at the low. The bearish momentum has been fully released, but there are no signs of a reversal or bottoming out.

This rebound is completely without volume, strength, or breakout. There is heavy overhead selling pressure at every level, and longs cannot hold the strong zone. It is merely a technical oversold bounce.

The large-cycle trend remains bearish. All current upward moves are defined as consolidation within a downtrend.

Simply put:
The current rebound is a repair move, not a launch. A surge upward is an opportunity to short.

Key short-term resistance!

First resistance: 60000

This is the core oscillation range from yesterday's full-day trading, accumulating a large amount of short-term trapped orders and traded chips.
When the price rebounds to this level, it is very likely to face resistance and fall back. If it fails to hold after a surge, it is the best short-term shorting opportunity with a high margin of error.

Second resistance: 61000-62000

This is the ultimate resistance zone of this rebound, also the strong resistance area of this repair move.
This is a steady and ideal shorting position with the best risk-reward ratio, suitable for position-based swing shorting.

Overall strategy: The more it rebounds, the more you short. Lay out positions at resistance levels in batches. Do not gamble on a unilateral uptrend.

Key short-term support!

Core support below is concentrated at: 55000-50000

Before the market breaks through key resistance and completes a trend reversal, there is still a need for a second test and deep shakeout.
Once the support zone is lost, this weak repair will end, and bears will dominate the market again.

Do not chase longs, do not guess the bottom, do not get attached to rallies
When the rebound faces resistance, prioritize shorting. Lay out positions at high levels in batches.
When it falls to key support, look for buying strength and wait for dip-buying opportunities.

Core of the current market: weak repair, mainly a surge followed by a pullback. Go with the trend, don't go against it, to firmly grasp the market!

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