Bitcoin experienced a strong short-term rally yesterday, but it was primarily driven by emotional impulses, a pulse-like market movement. The key resistance level failed to break through, and selling pressure above was heavy.

This was especially evident on the four-hour chart, where the price quickly dropped after touching the upper band, with all gains from bullish candles being wiped out. The bullish momentum came to an abrupt halt.

The market has shifted to a bearish dominant trend. The brief surge caused by external positive news cannot change the overall weak pattern.

After the market sentiment recedes, bearish momentum will re-accumulate. The overall structure remains weak, and the rebound lacks sustainability—merely a temporary correction during the decline. The downward trend is clear, and the bearish outlook remains unchanged.

Trading suggestions: For aggressive traders, short at the current price of 71,200; for more conservative traders, short near 71,600-72,200, targeting around 68,000-67,000, with a break below 65,000.