Tuesday morning Bitcoin outlook: significant resistance at high levels, rebound remains primarily short

Yesterday, the market saw a bullish counterattack, with Bitcoin generally oscillating higher. The price briefly touched around 69,500 before encountering clear resistance and then slightly retreating. Overnight, the price tested this area again but still failed to break through effectively, indicating that selling pressure above remains heavy and short-term bullish momentum has slowed.

From a technical perspective, this rally is a staged surge following increased volume in the bullish phase, testing the upper levels. Although the upward space was briefly opened, the continuation lacked strength. On the four-hour chart, after consecutive bullish candles, the price reached the upper Bollinger Band, then a bearish candle pulled back, indicating a short-term correction is needed. Currently, the Bollinger Bands are flattening, and the market is likely entering a consolidation phase.

If there is another upward test later, focus on whether the 70,000 level can be broken. Until then, the overall strategy remains primarily short at high levels.

For intraday trading, consider short positions around 69,000–69,500 in batches.
Target the 67,000–66,000 range below.