Must open short positions


From the 4-hour structure, after a rebound, the price has returned below the middle Bollinger Band, indicating a generally weak and oscillating pattern. The middle band around 69,000 is forming resistance, and the upper band moving down suggests the trend has not truly strengthened. Support below is concentrated around 66,000; if broken, a further decline to previous lows cannot be ruled out.
The current rhythm is a retracement phase after a weak rebound, with insufficient bullish continuation.
Intraday trading strategy
Monitor the resistance around 68,500 to 69,000 during the rebound; prioritize shorting
Watch the support at 66,000 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
Overall, maintain a rebound and short-selling approach; quick in and out, control position size, avoid chasing orders
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