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Short-term violent surge, the bears don't need to panic, a waterfall could come at any time.
Bitcoin continuously surged from the intraday low of 67,300 all the way up to around 71,800, a jump of over 4,000 points, catching the bears off guard. It's too late to chase longs at this level, with extremely high risk.
Four-hour consecutive bullish volume, two large bullish candles directly broke through the upper band, indicating a short-term bullish trend, but this rebound is not a structural reversal, just a trap for long positions.
At high levels, the market remains predominantly bearish, sticking to the high-altitude strategy without wavering.
Evening strategy:
Sell in parts within the 71,500—72,300 range
Target below at 67,800—65,800 $BTC $ETH