Bitcoin is currently consolidating weakly, and the bulls clearly can't hold up anymore. The four-hour spike was purely driven by news stimulus, couldn't sustain the rally, and directly fell back to 68880 last night with real selling pressure above.
The current rebound is simply "fixing the chart," not a new round of uptrend, with limited room. Combined with ongoing risk-off sentiment and unwillingness for capital to enter, the overall momentum remains bearish.
Simply put: this rebound is not an opportunity, it's a trap.
Operationally, don't chase highs. On the rebound to 71000–71800, continue
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