Market Review: After Bitcoin's price peaked near 67,400 in the early morning, it began to decline, bottoming out around 66,600 before stabilizing and entering a narrow correction. This again confirms the analysis we provided last night. Currently, short positions can be held sustainably. Conservative traders can exit now with a profit of a few hundred points. The current price is around 66,800.

Based on the current chart, the four-hour Bollinger Bands show the price under pressure below the middle band, which is trending downward. The bands are opening apart, confirming a bearish channel. Short-term moving averages are arranged in a bearish alignment with a death cross continuing, indicating no strength in the rebound to break the moving averages. The three lines are diverging downward, overbought conditions have not turned around, and there is no divergence, so the downtrend remains intact. On the hourly chart, the highs are decreasing, and the lows are shifting lower. Rebounds are weak with no volume, and moving averages are aligned bearish. The bears are in control. After a rebound, the candlesticks continue to narrow, with bullish momentum only representing oversold correction. The larger trend remains bearish, and rebounds are still opportunities to short! The strategy remains focused on high-level short positions.

Trading suggestion: Short near 67,400, targeting around 65,700. #Gate广场四月发帖挑战