After a tug-of-war in the midnight Bitcoin market, the price has once again returned to the 71,100 level for consolidation. I clearly indicated the strategy last night: market sentiment is building up, but buying volume and momentum are insufficient to sustain a continued upward push; the short-term momentum is relatively weak. Based on this, I recommend a short-term trading plan: go long on short-term dips, while keeping the 72,000 level as a key support/resistance threshold, with a focus on observing the validity of a breakout at this level.

During the midnight session, the market oscillated upward, reaching a high of around 71,900 before encountering strong resistance and quickly retreating. Our pre-positioned short-term long orders were able to precisely exit at the top, capturing a 900-point profit margin and securing all gains.

Currently, Bitcoin shows a typical weak rebound pattern. The midnight attempt to test the critical 72,000 resistance level failed, confirming a short-term trend reversal and completing the shift in market structure. On the hourly chart, the rebound momentum continues to weaken, with decreasing volatility; the Bollinger Bands are narrowing and flattening, indicating a sideways consolidation. The upward momentum is gradually releasing in a stepwise manner, signaling a clear weakening trend.

Switching to the four-hour chart, Bitcoin repeatedly tested higher levels with long upper shadows, confirming heavy selling pressure above. The doji star candlestick formed during midnight further indicates a strong reversal signal. This pattern aligns perfectly with our pre-market analysis, which previously highlighted that the failure to retest the 72,000 level is the best opportunity to switch to a bearish trend. Our position was already pre-placed in anticipation, so the strategy now is to take advantage of high points for shorting.

Bitcoin: 71,500–71,800 short position, with a target of 70,000. #BTC突破71000美元
Altcoin: 2,220–2,240 short position, with a target of 2,050. $ETH ‌ ‌