Monday morning, BTC trading thoughts (Jingyi)

There is no “easy profit” in the crypto market—only by clearly reading the market and controlling the pace can you last long-term.
BTC surged up to 646 on the four-hour timeframe, but after that lacked upward momentum; repeated breakouts have failed. It is currently pulling back to 638, and the downward trend is clear. Bullish power is running out—there is no volume behind the rebound. Incremental capital is absent; the MACD is turning downward, while bearish power continues to build.

On top of that, geopolitical conflicts are ongoing, safe-haven sentiment in the market is heating up, and capital is flowing into gold. Funds in the crypto market are being diverted; combined with tighter regulation, institutions are reducing holdings, and medium- to long-term buy pressure is weakening. There is extremely strong resistance overhead, so rebounds are likely to be met with selling. Don’t chase longs. During the rebound phase, strictly control position size. As the geopolitical situation is complex, the probability of a pullback is very high. Maintain strict risk management to prevent a deeper downside move.

Trading suggestions
Short BTC in the 646-655 rebound range, with targets at 632-622-60,000 support level

$BTC ‌#GateUS合规扩展佛罗里达