It rebounded for a long time—I thought there would be plenty of room, but it wasn’t the case. Looking at the chart, the highest it only rebounded to around 65,700. That’s exactly the best shorting entry point mentioned in the morning. Still indecisive? The recent market action is a slow grind up and slow grind down, cutting losses with a dull knife—pure practice.

To take a “meat” position inevitably requires a good read on the trend and a good layout plan.

65,500 is the main pivot point for the recent long/short trend reversal. At this stage, there will inevitably be some market positioning. For the stage where the downward pressure is already very clear, there’s no doubt that the suppression zone is the right moment to promptly follow through with a short.

On the hourly timeframe, the rebound momentum is gradually exhausting. After touching the upper band of the Bollinger Bands, the rebound strength is being steadily worn down. In the short term, it may provide some degree of rebound acceleration, but clearly the rebound is limited. It feels like there’s a final “last strike.” Therefore, for friends who haven’t positioned yet, just follow the trend and short directly.

Big BTC short around 65,700 Target 64,000
ETH short around 1,910 Target 1,850
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