From the 4-hour structure, after a rebound, the price has once again fallen below the middle Bollinger Band, indicating a generally weak and oscillating pattern. Resistance is forming around the 69,000 level, and the upper band moving downward suggests that the trend has not yet truly strengthened. Support below is concentrated around 66,000; if broken, a further decline to the previous low area cannot be ruled out.

The current rhythm is in a retracement phase after a weak rebound, with insufficient bullish continuation.

Intraday trading strategy

Monitor the 68,500 to 69,000 zone for resistance during the rebound; prioritize short positions
Watch the 66,000 support below; if broken, look at the 64,500 to 63,000 range
If the price firmly stays above 69,000, be cautious with short positions; short-term may shift to oscillation and correction

Maintain a overall rebound-and-short strategy, with quick in-and-out trades, control position size, and avoid chasing orders
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