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Current quote: 68960.97, intraday increase of 0.99%. After spiking to 69310.00 within 15 minutes, it pulled back. The short-term bullish rally encountered resistance, entering a high-level oscillation and consolidation pattern.
Short position idea (try shorting at high levels, trade with the trend)
Entry conditions: Price rebounds to the 69000-69300 range, showing resistance and pullback signals (such as a spike and pullback, increased volume with stagnation), small position to short.
Stop-loss logic: Strictly stop loss above 69500. If volume breaks through the previous high, indicating bullish overextension and trend reversal upward, immediately cut losses to avoid risk.
Take-profit targets: First target at 68500-68400 (midline support), take partial profits upon reaching; if it breaks below 68000, then look downward to 67800-67500.
Short-term (1-3 hours): Maintain oscillation within the 68000-69300 range. Resistance at high levels followed by pullback and support retests are the core rhythm. Short-term trading should focus on high sell and low buy within the range.
Follow the trend strictly, execute stop-loss and take-profit orders diligently, do not fight the market, and only pursue certainty opportunities within your understanding. #btc