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From the daily structure perspective, the recent bullish movement has been a slow and fragmented rebound—seemingly rising step by step, but actually showing severely insufficient momentum. Price is operating along the upper-middle Bollinger Band, yet lacks an effective volume breakout.
Last Friday's long upper shadow was essentially just a probe of the overhead resistance, not a true strong breakout. The 74,000 level remains a strong resistance divide; prolonged attacks without breakthrough indicate that a double-top pattern risk is accumulating.
Once the pattern materializes, bears may likely trigger an accelerated downtrend directly. The pullback space should not be underestimated. Currently, all rebounds are merely technical corrections, and the major trend remains bearish. Do not be misled by short-term minor positive candles.
Operation suggestion: Aggressive entry shorting at current price 71762; conservative entry shorting around 72000-72600; downside targets near 70000-69400; if breaks below 68000, long-term target 60000.
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