Looking back at the intraday market, after continuous sideways consolidation and accumulation, yesterday evening the bulls increased volume and pushed the price higher, rebounding above 71,500. This was followed by a slight correction to repair the chart. Last night, stimulated by the strong opening and rally of the US stocks, the price once again surged strongly, hitting a recent high. Bitcoin's high point reached 73,700. During the early trading hours, a short position yielded a profit of 1,147 points. Later in the evening, our short position setup also experienced some mistakes. We used stop-loss to avoid unnecessary risks in the market. I often share with friends the idea of real trading setups; risk awareness always comes first. A temporary loss doesn't mean much; what's most important is to adjust your mindset in time and seize opportunities in the market again. Only in this way can we steadily accumulate our positions. The FOMO recruitment plan is still in full swing.

Looking at the four-hour chart, following the US stock rhythm, the price formed three consecutive bullish days with rapid upward movement, creating a strong overbought condition. The Bollinger Bands widened rapidly. Although a mid-range bearish candle appeared to correct the chart, the upper and lower shadows of the candlesticks indicate that the price is again in a tug-of-war between bulls and bears at this level. The bullish momentum has significantly weakened with the sharp rise, and the correction demand has increased infinitely. Our current view remains unchanged: with the price repeatedly rising sharply, the medium- and long-term outlook remains bullish.

On the short-term hourly chart, the price quickly rallied around the upper band with consecutive bullish candles. After pushing the price to 73,700 with a large bullish candle, it entered a period of consolidation with long upper and lower shadows. The price has returned within the indicator range. The current stagnation reflects heavy selling pressure at this level. After a large rally, the market needs to adjust further. Therefore, our short-term strategy during the early market and the white session is mainly to watch for a correction and repair. The current approach is to look for a rebound to short on the high.

Shorting around 73,600, with attention to 71,000; shorting at 2,160, with attention to 2,000.