It's been over a month and a half since I took a break, and I've been resting for twenty days now.

Today, I am officially back to work!

Although I haven't posted recently, I have been paying close attention to the market.
Over the past twenty days, the price has been fluctuating widely between 70,000 and 63,000, with occasional breakouts that are quickly recovered.

After a violent decline, nearly a month of consolidation and adjustment, the Bollinger Bands on the daily chart have now contracted completely. It is expected that a good trending move will soon follow, and the sideways movement won't last forever.

The price has halved from 126,000 to the low of 59,800. I think there's no longer any controversy that we are in a bear market. The overall trend remains bearish.

In the short-term intraday trend, on the four-hour chart, every touch of the upper band or brief breakout has not resulted in a sustained continuation. Currently, the price is rebounding again and touching the upper band pressure. The short-term intra-day outlook is also 🈳. I suggest shorting around 68,500, adding to the position if it reaches 69,500 🈳, with a target near 66,500.