From midnight until now, the overall trend of Bitcoin remains around weak consolidation. During the midnight session, after facing resistance at high levels, the price continued to decline. In the first half, it oscillated downward from around 67,000, with several rebounds but limited strength, failing to regain the 67,000 level. Later, in the second half of the night, it further dipped to around 66,200 to confirm a short-term low. Subsequently, a corrective rebound occurred, bringing the price back to around 66,900, but the rebound lacked momentum with decreasing highs. It faced resistance again and fell back, currently trading around 66,400 for consolidation. From a rhythm perspective, the early morning still shows a weak recovery within a rebound structure, without changing the dominant bearish trend. Yesterday’s short position entry at white pivot point also reached an ideal exit point, providing a good profit margin. This shows that the market never disappoints those who patiently wait for opportunities. Truly stable trading is always decided at key levels, not driven by emotions chasing after moves.

Looking at the current market, the one-hour chart remains within a downward channel. The 67,000-67,200 zone acts as short-term resistance and has repeatedly hindered the rebound in the early morning, indicating persistent selling pressure in this area. The 66,200 level is the support at the early morning low. If it breaks again, it is likely to continue downward toward the 65,800 zone for new support. From a four-hour perspective, moving averages remain diverging downward, and MACD bearish momentum has not shown clear convergence, indicating that the short-term rebound is mainly a correction and does not signal a trend reversal.

In terms of strategy, the outlook remains to maintain high short positions. It is not recommended to chase longs at the current level. Focus on waiting for the price to rebound near 67,000 and then enter short positions in batches. For more conservative targets, monitor the 66,200 break; if it falls below, further look toward 65,800-65,500 for profit-taking. Overall, the rhythm remains that rebounds face resistance and are suitable for short positions. No structural signals currently indicate a change in trend.