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Bitcoin is currently oscillating with weak momentum, and the bulls clearly can't hold up anymore. The four-hour rally was purely driven by news stimulus—it got pushed up but couldn't sustain, and fell back directly to 68,880 last night. There's substantial selling pressure above.
The current rebound is simply "fixing the chart," not a new uptrend, and the upside is limited. Combined with ongoing risk-off sentiment, funds are unwilling to enter positions. Overall, it's still a bearish rhythm.
Simply put: this rebound is not an opportunity, it's a trap.
Trading-wise, don't chase highs. On rebounds to 71,000–71,800, continue shorting with targets at 68,500. #加密市场回涨 $BTC