Looking back at this morning's trend, Bitcoin, as we anticipated in our strategy, started to come under pressure and decline from around 69,500. During the afternoon's single-direction downward movement, it touched as low as around 68,000, with a total decline of nearly 1,500 points. Our short position entered at 69,100 this morning successfully took profit of over 800 points, and Ethereum followed suit, gaining over 30 points. This further confirms our thinking. Currently, the price is slightly rebounding and trading around 67,900.

From a technical perspective, this intraday decline was accompanied by a moderate release of volume, indicating that the bearish momentum is still exerting influence. The current rebound is relatively weak, showing that selling pressure above remains heavy, and buying interest is clearly insufficient. In the short term, focus should be on the resistance-turned-support zone around 68,000-68,200. This area has shifted from previous support to resistance. If the rebound cannot stabilize above this zone, the bearish structure will be difficult to reverse.

Operationally, the main approach remains to short on rebounds. Close attention should be paid to the short-term support around 67,500. If this level is tested again and broken, it will likely open further downside space. Until the price can re-establish above 68,500, any weak rebound within the 68,000-68,200 resistance zone can be seen as an opportunity for short-term short positions. #元宵赏月领红包 $BTC