Good morning friends. After last night's waterfall decline, Bitcoin's midnight momentum has relatively slowed. BTC first rebounded slightly, with the highest touch at the 72,000 level facing resistance, then weakened again. After oscillating downward to a low near 70,500 and closing with recovery, the current price is oscillating around 71,000. The overall trend still aligns well with my expectations. Last night I suggested shorting the 71,600-72,000 zone, targeting the 70,000 support level. BTC realized roughly 1,500 points of short gains as expected, so taking advantage of the opportunity to profit was definitely achievable.

From the current chart perspective, Bitcoin is in a correction phase after overbought conditions. Last night's rebound recovery showed weak momentum and failed to sustain effectively, instead testing lows again. Looking at the 4-hour level, BTC ended the consecutive bearish trend, closed with a small positive candle, and is oscillating near the lower band. The long lower shadow indicates some buying support below, and overall trading volume continues to contract, entering a tug-of-war dynamic. The hourly chart is even clearer, with alternating bullish and bearish candles in narrow consolidation, short momentum slowing down and entering an accumulation consolidation phase. The subsequent focus remains on the effectiveness of the 70,000 support level. Morning trading strategy still emphasizes shorting upper levels and capitalizing on pullbacks following the trend.

BTC: Short 71,600-72,000, targeting down to 69,600.
ETH: Short 2,220-2,240, targeting down to 2,100. #Gate13周年全球庆典 $BTC