Price Review: Following an evening rally that peaked near 71600, the upward momentum showed insufficient continuation and began to pull back. This aligns with our previous strategy of shorting at highs. Short positions near 71500 also locked in profits with over 500 points of gains.

From current chart observation, on the daily level, the previous downtrend has not yet completely reversed, with the Bollinger Band upper band still serving as an important resistance level. Previous attempts to probe higher have shown strong selling pressure. While this rebound has certain momentum, the upside space is relatively limited, and the continuation of bullish movement still requires further confirmation. Price has entered a cyclical high zone, necessitating vigilance against pullback risks triggered by overbought conditions. On the 4-hour level, the market has been rallying with consecutive bullish candles, with short-term bulls maintaining the initiative. However, after price touched the Bollinger Band upper band, selling pressure became significant, and effective breakthrough has not yet materialized. The Bollinger Bands are not yet fully opened, with the overall structure remaining range-bound and biased upward. The upper band resistance continues to take effect, and after the short-term rally, there is a need for pullback consolidation. Therefore, morning strategy remains primarily shorting at high levels.

Operational suggestions: Short BTC near 71000, targeting 69500. #Gate13周年全球庆典