2-25 Midday Analysis: A rebound is not a reversal; a rebound is just a short-term rally

Today, BTC experienced a rebound, but from a daily chart perspective, trading volume has significantly decreased, reflecting weak bullish follow-through and maintaining a high-level short position. Recently, prices have continued to weaken, and the market fundamentals have not undergone any fundamental changes.

On the four-hour chart, although the MACD has formed a golden cross, the upward momentum is weak, with shorter red bars, indicating that bullish momentum is still insufficient and the sustainability of the short-term rebound is limited. The long-term moving averages still exert clear resistance on the price, and the medium-term downtrend has not changed. Currently, the coin price remains within the previous downward channel, with heavy resistance above. If an effective breakout cannot be achieved, it is highly likely to return to a sideways downward pattern.

Trading Recommendations
Bitcoin (BTC): Short in batches within the 66,000–66,300 range, targeting 64,000–63,000
Ethereum (ETH): Short in batches within the 1930–1950 range, targeting 1830–1800