From the daily chart structure, yesterday closed with a bearish candle, which also intuitively reflects that the upward pressure remains significant. The key resistance is around 68,600, which has been tested multiple times yesterday and proved effective. The intraday rebound also shows signs of stalling, and the overall market remains under pressure. Although the smaller timeframes showed a downward correction followed by a rebound, the price has yet to effectively break through yesterday’s high, and the bullish momentum has weakened. Previously, repeated tests of resistance at high levels did not lead to a breakout. After the market correction, it entered a range-bound consolidation phase. During this period, we have been steadily building short positions, providing ample room for flexibility. Currently, the overall market appears to be oscillating in a winding rhythm.

In terms of trading strategy, the focus remains on shorting at high levels. Today, pay close attention to the resistance around 68,600 for Bitcoin, and keep an eye on the 2070 level for Ethereum. If the price rebounds to these levels and shows clear signs of resistance, it may be a good opportunity to short; likewise, if the price falls back to key support levels, consider taking short-term long positions. Flexibility in response is key.