October 26th Bitcoin Public Outlook

Today’s main strategy is to sell on the rebound, focusing on the resistance zone around 66,800–67,500. Strict stop-losses are to be set. Treat the current movement as a consolidation with a potential pullback; avoid shorting at low levels.
Weak rebound strength: The intraday rebound is driven by oversold recovery and short covering, not new capital entering the market. Institutional demand remains weak, ETF net outflows continue, and upward momentum is lacking. 2. Technical structure under pressure: The 4-hour chart has not stabilized above the middle of the trading range, with significant resistance at the 70,000 level. Currently, the 66,000–67,000 zone is a strong supply area, with substantial short-term selling pressure. 3. Trend has not reversed: Although the weekly chart shows oversold conditions, the overall structure remains weak. The rebound is seen as a range correction, not a reversal; overall market sentiment favors the bears.

Trading Suggestions:
Short at 68,500 on the rebound. First target: 65,500–65,000. Second target: 64,200.