After continuous struggles and adjustments in position, last night the price rebounded strongly from the bottom, once again surging above 68,000. Subsequently, the price experienced a series of slow declines, remaining around 64,000 with sideways consolidation. The real trading short positions led by the academy also accurately captured a thousand-point move again. Although there was some misjudgment in the trend analysis this week, we made timely adjustments based on market trend changes and news developments. Ultimately, we successfully turned losses into profits for the academy. Maintaining high win rates through strategic positioning is important, but timely and necessary adjustments are equally critical.

Looking at the four-hour chart, after testing strong support below, the price rebounded strongly with five consecutive bullish candles. It then quickly fell back with three bearish candles to near the midline. Influenced by news, the market experienced significant volatility over the weekend. On a larger scale, the price continues to fluctuate around 65,000. The four-hour MACD bullish momentum is gradually weakening, and the KDJ indicator lines are slowly converging, indicating further downside potential. In the short-term hourly chart, after a strong rally with consecutive bullish candles, a bearish engulfing pattern appeared, causing a quick drop below the midline. The MACD histogram shows increasing short-term bearish momentum. The overall trend remains bearish, and we continue to hold a bearish outlook. Short-term rebounds are opportunities for high-position short entries.

For Bitcoin, short around 66,500, watch near 65,000. For Ethereum, short around 2,000, focus near 1,900.