2-3 Morning BTC Analysis: Rebound is a trap, the high and low strategy remains unchanged

Yesterday’s Bitcoin short position strategy was perfectly executed, capturing significant downside potential. In the afternoon, the price started to rebound, rising from around 74,500 to a high of 79,300, then faced resistance and pulled back, currently consolidating around 78,800.

It must be clear that this rebound is not a trend reversal, and there is significant selling pressure overhead. From a technical perspective, the rebound after the sharp weekend decline is weak, with prices remaining below moving averages, clearly indicating a bearish pattern; market sentiment remains cautious, with lingering panic, and selling pressure emerges during the rebound, making upward movement difficult; macroeconomic factors add to the bearish outlook, with hawkish Federal Reserve expectations intensifying, coupled with tightening crypto regulations in multiple countries. Under this double pressure, institutions and capital are becoming more cautious, and a decline in risk assets is highly probable.

BTC Trading Recommendations
Short in the 79,300-79,500 range, targeting 76,000-76,500