【BTC】

Bitcoin's current pattern is secondary; fundamentally, it is leveraging the ceasefire news to accelerate the liquidation of the 70,000 accumulated positions. After the initial surge, it will take some time to digest. The next resistance is the selling pressure from previous trapped positions, which has moved up to around 73-74k (the first rebound high since the daily downtrend). In the short term, a pullback below 71k should be prioritized for trading, while maintaining the expectation of a new high or second-high point. Do not rush to short.

The structure has basically completed the bullish-bearish transition and is currently in a rebound of a new 4-hour wave. Considering the significant selling pressure above, after a new high during the day, there is an opportunity to trade a 1-hour correction. The scale is expected to be modest. The demand zone at the bottom is moving upward from 65-67-70k. If it continues to break below 70k, be cautious of a second wave of decline. The overall strategy is similar to last month, just with a different direction—mainly long-term bullish and short-term bearish.

Short positions around 729-733k
Defense at 740k
Take profit: below 71.5k