Last night, the price of Bitcoin experienced a significant rapid surge, with the price jumping nearly 5,000 points. After reaching a high, it slightly pulled back, then the price moved around the 69,000 level, entering a slow, sideways consolidation with a slight upward trend. As the US stock market closed smoothly, market volatility quickly contracted. Yesterday, real trading shorts led students to take profit twice with precision and successfully avoided the explosive rise overnight. In the crypto world, prudent operation has never been about chasing gains and selling in a big trend, but about maintaining a clear mind to avoid unnecessary risks, always with a sense of reverence for the market. Looking at the 4-hour chart, Bitcoin's price quickly surged above the upper band with a large bullish candle, then quickly repaired with a long upper shadow bearish candle. The price then rapidly returned within the indicator range. Currently, the price has formed another moderate bullish candle near the upper band. Combined with the monthly and weekly K-line performance, there are signs of a bottoming rebound. The 4-hour Bollinger Bands are expanding upward at an accelerated rate. The medium- to long-term strategy is to continue following the current trend and look for a rebound. In the short-term hourly chart, after two consecutive large bullish candles, the price quickly became overbought and then experienced two consecutive bearish candles with a rapid correction. It then resumed a slow upward pace. The MACD histogram continues to weaken, indicating diminishing bullish momentum. The KDJ indicator's three lines are slowly converging from above to below. After a sharp rapid rise, the correction demand continues to increase. The short-term outlook is mainly for a pullback, with short-term rebounds suitable for high-position shorting. For Bitcoin, short around 69,500, watch near 68,000. For Ethereum, short around 2,060, watch near 1,960.

Shorted bitcoin

#PreciousMetalsAndOilPricesSurge 💶 A Stable Digital Currency Pegged to the Euro Coming from Europe 12 major European banks, including BNP Paribas, ING, and UniCredit, are issuing a stablecoin pegged 1:1 to the euro. The digital currency, planned to be launched in the second half of 2026, will hold at least 40% of its reserves in bank deposits. Users will be able to convert their funds to euros 24/7. INVESTMENT ADVISORY NOT RECOMMENDED $BTC $MEME $WET