Juejin Old Cat: BTC experiences a weak rebound after breaking support during volatility, mainly shorting with some short-term longs as supplements

Since Bitcoin has fallen from its high, we have been bearish all the way, successfully targeting the 75,000 region. After some short positions were closed for profit, we continued to look towards the 70,000 level. I initially expected a strong rebound around 70,000, so I took profit on short positions at 70,000 and reversed to go long, but the market directly broke support, and my long positions were swept out. Fortunately, previous short-term profits were sufficient, so the stop-loss impact was minimal. After breaking below 70,000, I didn’t rush to act; I’ve been mainly observing recently, only doing intraday short-term trades, with no medium- or long-term positions for now, waiting for key zones to signal opportunities.

Today’s market was not just simple consolidation. After oscillating back and forth three or four times, it directly broke the consolidation pattern, then stabilized at a low level and rebounded, but the overall outlook remains bearish.

The news environment is generally quiet, with no major fundamental catalysts over the weekend. The market is driven mainly by technical analysis and capital game theory, with no strong positive signals to reverse the trend.

Technically, there are no signs of bottoming out. The current rebound is merely a technical correction after a decline, not a reversal. Support levels below are still unclear, and after oscillating, the market is likely to continue weakening.

Contract trading strategy is clear: focus on the 70,000–72,000 resistance zone above, and if touched, go for short positions — this is the main approach. Below, rely on the previous low, try light long positions in the 65,000–67,000 range, strictly set stop-losses, and trade quickly in and out. Only short-term trades, avoid holding on to positions too long. The overall strategy is mainly short, with some short-term longs as supplements. Do not hold large positions or over-leverage; aim for reasonable swing profits.

Spot trading remains cautious; no rush to enter. Currently, there are no bottoming signals. Be patient, wait for the next correction and clear bottom signals before considering medium- to long-term positions.

Disclaimer
This article is only a personal sharing of market ideas and technical analysis, and does not constitute any investment advice for digital assets. Contract and spot trading carry high risks, with large and uncontrollable price fluctuations. All operations should be based on independent decision-making, with risks borne by oneself. Do not blindly follow trades. Please manage your positions and strictly implement stop-loss and risk controls according to your own risk tolerance.