U.S. stocks open lower and then rise, with BTC's rebound facing obvious resistance. The market is oscillating, providing opportunities for shorting at higher levels.

Yesterday morning, BTC retraced to around 65500, found support, and rebounded. It was not a one-sided rally; all resistance levels saw pullbacks. In the afternoon, a short position at 68000 successfully gained 1000 points; before the U.S. market opened, it was predicted that U.S. stocks would be under pressure. The actual movement was initially suppressed then rallied. A short at around 69300 was reminded to take profits near 68800 for risk control. After breaking through 69400 in the early morning, it retraced to 68200. Evening trading saw a 69300 short with a similar 1000-point space.

Looking at the chart, on the hourly timeframe, the two retracements in the early morning did not break below 68000. The retracement narrowed, and the decline did not break the midline. The lower support was raised to 67300, with the 67500-67800 moving averages forming a support zone, indicating a strong rebound willingness. However, the rebound failed to break through the upper band at 69500 strongly. The bulls and bears are still in a range-bound oscillation, so caution is advised when adding longs.

On the 2-hour chart, bullish volume is weakening; on the 4-hour indicator, the bias is still bullish, but it’s difficult to stay above 69000. The daily chart shows strong resistance at 71200, which is the limit for high-level short risk control.

BTC Trading Suggestions:
Buy near 68500-68800, add on dips around 67500, with targets at 70000-71000.