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Today’s Bitcoin Strategy
From the current market situation, Bitcoin remains in a clear downward channel, with a very obvious trend and no signs of reversal.
The Bollinger Bands are clearly opening downward, with the price continuously trading in the middle to lower band area. The midline around 76,500 has become a strong resistance level. Multiple rebounds have failed to break back above the midline, with attempts to rally being suppressed, indicating that the bears still hold dominance. The lows are continuously moving lower, and after breaking through the 71,800 level, there has only been a technical rebound with insufficient volume, indicating a weak rebound structure.
The overall rhythm is downward, followed by a weak rebound, then another decline — not a bottoming phase.
Trading Strategy
It’s not suitable to bottom fish at this stage; focus on shorting with the trend.
If the price rebounds to the 76,000–76,500 area, consider gradually opening short positions. The lower target is around 72,000, with further targets at 70,000 and 69,000!