Bitcoin experienced a short-term rebound yesterday, with a rapid early surge catching shorts off guard. However, the upward momentum was unsustainable, and today it retreated again, highlighting that the bears still hold the advantage. The four-hour chart shows that after touching the midline, the price failed to stabilize, followed by a bearish candle, and then fell back into the mid-lower band range. Bearish momentum continues to be released, with short-term resistance clearly evident.

In terms of trading strategy, follow the trend and adopt a short-selling approach on rallies.
Pay attention to the key resistance zone at 69,500–70,000 for entry opportunities.
Target the 65,000 level.
At the same time, set up defensive levels to control downside risk.
The short-term trend largely confirms previous judgments, likely maintaining a wide-range oscillation. However, the overall major trend remains in a downtrend, with rebounds mainly being technical corrections rather than trend reversal signals. Therefore, every rebound can be seen as a good opportunity to short, but strict discipline must be maintained, with stop-losses in place to prevent intensified short-term volatility.
Ethereum's movement is highly synchronized with Bitcoin, and there are currently no signs of an independent trend or reversal. Trading logic can follow Bitcoin’s approach, mainly taking advantage of rallies to position, and adjusting strategies only after a clear bottom formation.