Yesterday early morning, we suggested shorting Bitcoin (大饼) after it rebounded to around 68,500. Subsequently, the market gradually oscillated upward, and after precisely touching 68,500 at noon, it steadily declined. By noon today, it had dropped to a low of 66,500, which fully aligns with our high-positioning short-term forecast.

From the current market situation, Bitcoin's short-term cycle has gradually formed a downward pressure pattern. The hourly chart has consistently failed to regain above the moving average, with the middle band of the Bollinger Bands continuously pressing downward, and the highs stepping down in a ladder-like fashion. The bearish momentum dominates. Our trading strategy remains unchanged, focusing on high-positioning shorts.

For Bitcoin, short near 67,500-68,300 after rebound, with a target of 66,000-65,000. If broken, then look further down to 63,000.
For Altcoins, short near 1,970-2,020 after rebound, with a target of 1,900-1,800.