Good morning. Yesterday, after continuous sideways consolidation during the day, the price of Bitcoin initially suppressed and then rose during the CPI period. After a slight dip, the price quickly surged with consecutive bullish candles. Subsequently, during the US stock market hours, there was intense tug-of-war between bulls and bears. The price tested the intraday high of 71,300 but then experienced a rapid pullback. The current retracement trend is still ongoing. The bearish outlook observed last night and in the early morning was once again accurately fulfilled. The Bitcoin short positions arranged by students also successfully gained 1650 points of space. The market trend is constantly changing, but what remains unchanged is our calm mindset and always holding a sense of reverence. This is the core reason I can lead students to achieve high win rates and steadily accumulate positions. In the crypto world, choosing is always greater than effort.

Looking at the four-hour chart of Bitcoin, after testing support at the midline, the price quickly rebounded with two bullish candles. After a series of long upper shadows, it again experienced a quick correction and recovered the chart. The four-hour level price remains in a high-level consolidation phase after a rapid rally. The larger-term upward trend structure is stable, but the short-term momentum for pushing higher is insufficient, and the need for a correction continues to grow. The medium to long-term outlook is bullish, while the short-term strategy remains unchanged—waiting for a correction.
In the short-term hourly chart, after a rapid rally during the US session and ongoing tug-of-war, the price entered a high-level sideways consolidation. It then experienced a quick pullback with consecutive bearish candles to repair the chart. The MACD histogram on the hourly chart shows that bullish momentum continues to weaken. The three lines of the KDJ indicator have crossed downward and are diverging rapidly. Therefore, our short-term outlook is to continue observing the retracement trend, and consider participating in short positions on rebounds.
For Bitcoin, short around 70,600, with attention around 69,500. For Ethereum, short around 2,070, with focus around 2,020.