Bitcoin is currently trading at 66,400. The market trend is very much like a worker’s wallet—just when there’s a slight rebound, it’s immediately pushed back to its original state, with no resistance. Some people confidently short at 71,500 and make a fortune, while others blindly buy the dip at 67,000 and get caught in deep traps. The difference lies in whether you understand the trend and whether you can abandon the bad habit of trading based on feelings.

Don’t panic; market opportunities are still there. It all depends on whether you can control your hands and patiently wait for a rebound before entering short positions. Remember, in a downward trend, a rebound is not the bottom; it’s a trap set by the big players to lure in traders.

Currently, the 66,000-67,000 range is consolidating, forming a continuation pattern after a breakdown. The short-term key support is at 65,000. If it breaks below, the price could further decline to 59,800 support.

On the four-hour chart, a clear descending triangle pattern is visible. The upper boundary resistance is at 67,000-68,000, and the lower boundary support is narrowing to 65,000-65,500. The pattern is close to breaking. The price has tested the lower boundary multiple times, with weak buying support and no strength for a rebound. The MA60 continues to diverge downward, confirming a medium-term downtrend. Short-term resistance is at 67,500. Before breaking through, the strategy remains bearish.

Trading suggestion: Short around 67,000-67,600, targeting 66,000-65,400. If it breaks below 64,500 and 63,800, consider a long-term position with a 60,000 target.