Wednesday Early Morning Big Bitcoin Strategy

Last night's action was very typical. The daytime saw repetitive price swings that wore down sentiment. After the US stock market opened lower, short sentiment ignited, and prices declined all the way down, touching the 68,800 area in the early morning. The short thesis played out again. The market won't disappoint patience; when the rhythm is right, profits are just a matter of time.

From the current structure, price has returned above 70,000, but hasn't formed effective continuation. Whether bulls or bears, both lack the decisive momentum to clinch it. Overall, we're still oscillating repeatedly within a range. Since the trend is unclear, we should trade along with the range rhythm—no direction guessing, just wait for position.

Upper resistance around 71,500; lower support near 68,900. If the range doesn't break, it will be difficult for the market to move one-directionally.

Early morning still looking to layer in short positions in the 71,000-71,500 area first, with targets toward the 69,500-68,500 range.

If there's no continuation after the pullback, potential reversal to short longs on stabilization below, just capturing one wave of range rebound.

$BTC ‌#Gate正式接入Polymarket