Yesterday, the big brother surged to 71,300 before facing resistance and pulling back, once again confirming our high-level shorting strategy at the resistance level. The price tested the previous high twice without breaking through, and the daily line closed as a doji, with today's close determining the short-term direction:

If the real body breaks above the upper band, the bullish trend continues, targeting above 74,000; if it closes lower, the weakness persists.

Repeated tests of resistance without a drop often signal a trend reversal. Today’s rebound to the resistance zone still allows for shorting opportunities. The trend is bearish, and the position is relatively high, offering a good risk-reward ratio, making it worth trying with a small position. If there is no effective pullback this time, the bearish outlook needs to be adjusted promptly.

If the recent correction cannot break below 68,000, the market still has the potential to surge higher, and the weekly structure does not support a direct sharp decline. Bears need to effectively break below this area, or even break below the weekly opening price, to confirm a true downtrend. The overall trend remains bearish, with short-term rebounds mainly used for shorting, and strategies should be adjusted if support is broken.

Following the rebound, the big brother can short at 70,350-70,850, targeting the 68,500-68,000 range!#BTC #ETH