From a structural perspective, BTC's current decline from the high has formed a clear short-term downward channel, and the recent rebound is only a technical correction within the downtrend, not a trend reversal.

The 15-minute moving average system remains in a bearish alignment, and when the price rebounds to below the previous dense trading zone, obvious resistance appears, with volume shrinking simultaneously, indicating insufficient bullish momentum and casting doubt on the sustainability of the rebound.

Operationally, it is recommended to adopt a mainly bearish approach, and during rebound resistance areas, consider short positions opportunistically, strictly set stop-loss risk controls, prioritize following breakout trend opportunities, and avoid blindly betting on rebounds in a weak structure.

Evening strategy

Place short orders around 76,500-77,000 for Bitcoin, targeting 75,000-74,000, with a break below continuing to 73,000.