Today marks both a weekly node and the "Dragon Raises Its Head" festival—wishing everyone smooth sailing in the market. After the market weakened earlier, the bearish momentum has continued to develop. Yesterday's overall trend was already very clear: any rebound is an opportunity for shorts to enter. We followed the trend and captured gains quite ideally.

From the current structure, after the decline released, the rebound around 70600 showed obvious weakness. Bulls lack continuity, and short-term sentiment remains bearish. There's a high probability the weak pattern will continue intraday. The daily chart shows consecutive bearish closes, and three consecutive bearish candles have effectively broken through the midline support. The overall trend signal for bearish direction is quite clear.

On the four-hour level, after the surge and pullback, prices continue lower, trading near the lower band with oscillations. The moving average system shows bearish alignment, and the weak structure remains intact. The hourly Bollinger Bands open downward, with prices continuously pressured at the midline and limited rebound strength. The bearish momentum dominates.

Early morning can focus on layering in short positions around the 70500—71000 range, targeting the 68000—67000 zone.
$BTC ‌#Gate13周年全球庆典