Last night, Bitcoin surged nearly 5,000 points, rising to around 70,000 before quickly pulling back. The market sentiment was ignited, and many chased the rally at high levels, only to be left hanging at the top.

From a structural perspective, resistance above is dense, and the bearish pattern has not changed. This move was more driven by emotional momentum and a quick recovery rather than a trend reversal. I believe the pullback this week is inevitable; the rally was mainly to provide better opportunities for profit-taking and positioning.

Ate still sees the lower target around 65,000-64,000, with the same approach. Brothers holding long positions at high levels should be more rational, avoid being driven by emotions, and consider reducing positions or manually closing trades during rebounds. Managing risk is always more important than betting on the direction. The trend hasn't changed, so don’t make reckless moves.