Saturday, 4.11, Bitcoin upward is blocked on the way and rebounds—go short.

Recently, Bitcoin has been moving in a range upward, but has been blocked above 73,000 throughout, and after pressing down again upon touching around 73,400 early in the morning, it is now back near 72,800. In our recent outlook shift, we turned bearish; although the order is trapped, it does not affect our bearish view. The bears will come sooner or later.

As for the structure right now, overall it is still in a box-range consolidation structure. Although there is a short-term rebound, the overall structure has not changed. The periodic structure is solid, and there is no obvious one-way momentum, so it is not recommended to chase the breakout higher at the top of the box. In the short term, with bulls and bears in contention and during the top-to-bottom transition phase, participate while maintaining the approach of “if it doesn’t break, it won’t define”—stay with the idea of “no break, no action.” As long as the daily chart downward trend structure is not broken, you can continue to maintain a high-short mindset.

Saturday morning, Bitcoin can be shorted around 73,000-73,200, with targets in the 71,000-70,000 zone. As for the weekend node—if the market is slow, there’s no need to make a big plan; take profits when it’s good! $BTC