3-1 Middle East risk aversion dominates, Bitcoin intraday rebound and shorting strategy

The current market is clearly driven by panic sentiment, with the ongoing escalation of Middle East tensions becoming the biggest black swan, triggering a global capital flight to safety. Bitcoin once plummeted to around 63,000 yesterday, suffering a brutal wipeout of the bulls.

After a night of oversold correction, the price has rebounded above 67,000, but this is merely a volume-less technical rebound, a brief respite within a bearish trend, not a trend reversal. Currently, market selling pressure remains heavy, bullish confidence is fragile, and any slight disturbance could cause another sharp decline.

Intraday core idea: firmly avoid chasing longs, focus on rebound rallies and shorting!

Trading suggestion

Bitcoin rebounds to the 68,000–68,500 range, consider partial short positions with targets around 65,000–66,000.