BTC Movement Analysis: Don't chase the rally, focus on selling on bounces to high levels!

Currently, the movement is very clear:
The bounce strength is weak, the bullish continuation is very poor, the volatility center is tilted downward, overall in a weak recovery structure, not suitable for blindly chasing gains.

Why is chasing gains strongly discouraged?

The last drop reached around 58000, with obvious panic selling at low levels, the bearish momentum in the market has been fully released, but there is still no reversal or bottoming signal.

This bounce is completely without volume, without strength, without a breakout, the selling pressure above is layered thick, the bulls can never hold the strong zone, this is just an oversold technical bounce.

The large cycle trend is still bearish, all current rises are defined as a recovery within the decline.

In summary:
The current bounce is a recovery move, not a starting move; the rise actually gives an opportunity to short.

Key short-term resistance levels!

First resistance: 60000

This is the core volatility zone from yesterday, accumulating many short-term trap positions and trading volume.
When the price rises here, it is very easy to come under pressure and fall; if the rise cannot hold, this is the best short opportunity with a very high margin of error.

Second resistance: 61000-62000

This is the final suppression zone of this bounce, also the strong resistance zone of this recovery move.
This is an ideal and stable short position, the best risk-reward ratio, suitable for setting up a wave decline.

Overall idea: the higher it rises, the more you short; gradually position at resistance levels, do not bet on a one-way rise.

Key short-term support levels!

Core support below is concentrated at: 55000-50000

Before the move breaks through key resistance and completes a trend reversal, there is still a need for retesting and deep cleansing.
Once the support zone is lost, this weak recovery ends, and the bears will return to dominate the move.

Don't chase gains, don't guess the bottom, don't hold on to rises.
When the bounce is suppressed, prioritize choosing to short, gradually position at high levels.
When it drops to key support, watch the strength of acceptance, wait for an opportunity to buy at low levels.

Core of the current move: weak recovery, rise followed by a fall, follow the trend, don't go against the trend, to steadily capture the move!