Monday

Yesterday morning continued with a rebound wave, currently consolidating around the 72800 level. From a long-term perspective, this remains a flag-pattern consolidation structure within a downtrend, so the bearish outlook remains unchanged. Moreover, we are currently near the top resistance of the consolidation structure, so a direct short position is recommended.

Operationally, it's suggested to enter with a light position first. The key resistance above is at the 75000 level, so we cannot rule out the possibility of short-term bulls continuing to counter-attack. However, the upside space is already quite limited, especially since the 4-hour RSI is about to enter the overbought zone, which will restrict the rebound space.

Enter with a light position first and reserve capacity to add on dips. Enter directly at 72800, add position at 74000, with a mid-line target below 66000.

This suggestion is for reference only!

#BTC