3.3 Bitcoin Auntie's Morning Thoughts

At the 70,000 level, we've already had two chances, and the bulls haven't taken a bite. If it can't push higher, it's a matter of attitude. What's the result? No upward breakthrough, directly entering a sideways consolidation with fragmented candles, the pace slowing down, and the rebound weakening. This isn't a reversal; it's exhaustion.

Carefully observe the hourly chart: the Bollinger Bands are opening downward, and the structure is clear—bears are gathering strength. The current sideways movement isn't stable; it's preparing for a potential breakdown. The more it consolidates, the larger the space for the move afterward.

Many people see no decline and assume a rise is coming, but that's a classic case of being led by the market. The true trend is never announced by a single bullish candle; it's built gradually through structural movements. If key resistance levels aren't effectively broken, all rebounds are just opportunities for short entries. Don't be fooled by minor retracements; the direction hasn't changed, the rhythm hasn't changed, and the bears are still on the road.

Personal Suggestions:
Bitcoin: Enter short at 69,500-70,300, target below at 68,000, and if broken downward, watch 66,000.
Auntie: Enter short at 2,060-2,100, target below at 1,980, and if broken downward, watch 1,900.
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