Bitcoin's current overall pattern is clearly bearish, with multi-timeframe synchronization showing weakening. The daily high points continue to move lower, and the lows keep being refreshed, forming a standard downtrend structure.

Short-term rebounds are purely technical corrections and do not indicate a trend reversal. Each rebound encounters resistance at key moving averages and previous high-volume zones. Trading volume continues to shrink, and the bulls have no sustained offensive power.

In terms of strategy, maintain a firm focus on short positions, avoid guessing bottoms or trying to catch the bottom. Rebounds are better entry points to follow the trend and capture downside potential.

Trading suggestions: For aggressive traders, short directly at the current price of 67,800. For more conservative traders, short around 68,200-68,800, aiming for a target near 65,600-65,000. If 65,000 is not broken, continue with the trend; otherwise, adjust accordingly.