February 26 Afternoon Analysis: A rebound is an opportunity to short, and the news-driven market is not fond of holding long positions

Bitcoin experienced a violent surge in the early hours, stimulated by Nvidia's earnings report. It appears to have regained lost ground strongly, but in reality, this is a news pulse market and not a sign of a new bull market.
Good news comes quickly but leaves even faster. The capital's intention to push prices higher and then distribute is obvious. After the surge, prices quickly fell back, exposing the false strength of the bulls.

Bitcoin merely touched the 70,000 level without effectively stabilizing above it. The strong resistance around 70,000 is clear, and the long upper shadow indicates the bulls are losing momentum.
This rally looks more like a trap to lure in longs. Once market sentiment shifts, a rapid pullback is very likely.

Today's strategy is mainly to go short from higher levels, not to chase longs at the bottom. Focus on trading during pullbacks.

Trading Suggestions

Bitcoin rebounce in the 68,500–68,800 range, gradually shorting with targets around 64,000–65,000
Ethereum rebounce in the 2,080–2,100 range, gradually shorting with targets around 1,900–1,950