Good morning, friends. Last night after Bitcoin rebounded to the 69,000 level, I provided short signals again in yesterday evening's weekly trading review, targeting 67,200 and 2,000. As expected, the short momentum intensified early this morning. Bitcoin retraced and pierced through the 67,300 level, while Ethereum similarly explored down to the 2,020 level before stabilizing and recovering. In total, we captured approximately 1,700 points for Bitcoin and 60 points for Ethereum in tradable short ranges. Following the intraday short trading strategy, we smoothly secured over 1,000 points in Bitcoin and over 40 points in Ethereum, providing a solid opening win for the week.

From the current chart perspective, the market remains in a weak pattern. Bitcoin continues to retest and break lower lows, with rebound strength gradually weakening. The hourly level has formed a clear one-sided descending staircase structure, continuing the downward momentum from the early morning volume-driven retracement. The oscillation center continues to shift downward, with the short-term clearly lacking volume support, and conditions for an effective reversal are not yet in place. Combined with the 4-hour level analysis, the Bollinger Bands three-line opening downward, with the mid-line transforming from previous support into strong resistance for this round of correction. Price alternates between red and green candles oscillating down along the lower band, with a relatively steady downward rhythm. The fast and slow lines maintain a death cross divergence below the zero line, with market sentiment still dominated by short positioning. Therefore, the early morning trading approach remains unchanged, continuing to follow the trend with short positions.

Bitcoin: Short 68,500～68,800, targeting 66,500.
Ethereum: Short 2,080～2,100, targeting 1,980. $BTC #Gate13周年全球庆典