Bitcoin Today's Trading Idea

After the sharp decline, the price entered a weak rebound, currently facing pressure around 69200-69300. The rebound momentum is limited and has not yet recovered the key support level before the sharp decline.

Bearish Bias - Trend Following
Core Logic: Large bearish candle broke through key support, trend turned bearish, rebound is a shorting opportunity.
Entry Reference
Rebound to 69500-69800 zone, near the sharp decline starting point. If facing resistance and closing bearish, enter shorts in batches.
Stop Loss placed above 70100, near the previous high. A break would invalidate the bearish logic.
Targets: First watch 68800-68500, if volume breaks below could target the previous low of 68188 and below.
Advantage: Following the post-decline downside momentum, risk-reward ratio is relatively clear.

Bullish Bias - Betting on Rebound
Oversold rebound after sharp decline, if holding key support can gamble on short-term upside.
Entry Reference
Retest 68800-69000 zone, if stabilizing and closing bullish with volume expansion, can try long with light position.
Stop Loss placed below 68500, near the previous low. A break would invalidate the rebound logic.
Targets: First watch 69500-69800 resistance level, after breakout watch higher levels.
Disadvantage: Betting against the trend, requires strict position control and stop loss to avoid heavy losses. #TradFi首创多倍杠杆 $BTC $ETH