Is it a rebound or a reversal?

From the 1-hour chart, after a price surge, a weak correction follows. Although there is selling demand, the momentum is relatively weak. The bears' momentum is shrinking, and the moving averages are slightly turning upward. There is short-term rebound potential, but the space for continued upward movement after the rebound is limited. Therefore, the strategy is mainly to take high-level short positions.

From the 4-hour chart, after a price surge and pullback, the midline provides support. However, it then slightly rises and falls again. The channel shows signs of opening downward after narrowing. The bullish momentum is insufficient, and the moving averages are turning downward. In the short term, expect continued wide-range oscillation, with a possibility of further decline. The overall trend is slow with limited strength, so continue to trade with a sideways approach, mainly taking high-level short positions.

Bitcoin personal trading advice: Short around 68,300, targeting 67,300-66,300.
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