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Bitcoin is currently experiencing weak oscillations, and the bulls are clearly struggling. The four-hour rally was purely driven by news stimulus—it couldn't hold after being pushed up and dropped directly to 68880 last night, with real selling pressure above. We went straight to the typical level according to Yifan's expectation.
The current rebound is essentially "fixing the chart," not a new round of uptrend, with limited room to move. Combined with lingering risk-off sentiment and reluctance from funds to enter positions, the overall rhythm remains bullish.
To put it simply: this rebound is not an opportunity.
In terms of operation: don't chase the highs. On the rebound at 71200-71900, continue shorting with a target of 69000.