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The current market structure is clear, with a dominant bearish trend. The rebound momentum remains insufficient, and the overall pattern continues to be weak and volatile.
From a technical and cyclical perspective, a temporary technical correction and rebound are highly likely within the day, but the rebound space is limited, indicating a weak correction phase.
In terms of trading strategy, it is crucial to strictly control entry points, position sizes, and risk management. The core approach is to short on rebounds and follow the trend.
For Bitcoin trading, consider short positions around 68,900-69,500, with a target down to 67,000. If broken, look further down to 66,000.
For altcoins, consider shorting on rebounds around 1,995-2,030, with a target down to 1,935-1,840.