Wednesday Afternoon Market Analysis of Bitcoin 2.25

The overall bearish trend remains unchanged. In the morning, Bitcoin surged to 66,300 but faced resistance and pulled back. We decisively entered short positions at 66,000, successfully guiding students to capture over 1,000 points of profit.

From a technical perspective, the downward channel remains intact. After completing a false breakout and forming a top, the market returned to a oscillating downward rhythm. The moving averages are in bearish resonance, and the trend structure is stable. The 4-hour chart continues to show weakness with a downward trend. The short-term rebound is merely a consolidation move and not a reversal signal. The bearish momentum is still building. Afternoon operations should mainly focus on shorting high rebounds:

Bitcoin: 65,800–66,500 gradually shorting, target 64,000, long-term target 62,000