Yesterday, Bitcoin's price remained within the range of 66,000 to 67,500, with market volatility further contracting. Due to the lack of significant news catalysts and the US stock market being closed, overall risk asset trading interest declined, and the market showed a clear wait-and-see sentiment. Our high-level short strategy suggested in the afternoon has been precisely profitable.

From the current chart, Bitcoin's weak oscillating pattern has not changed, and the rebound momentum is clearly insufficient. On the hourly chart, the price repeatedly tested higher levels but quickly retreated, forming obvious upper shadows, indicating heavy selling pressure above and a overall converging triangle pattern. The four-hour chart shows fragmented K-line adjustments, with moving averages converging, indicating neither bulls nor bears have gained effective control. Volume distribution suggests bearish forces are accumulating, and the current high-level consolidation may be a prelude to a subsequent breakdown. Therefore, we maintain a bearish outlook.

Short near 67,200-67,800 on Bitcoin's rebound, with a target of 66,000-65,300.
Short near 2,070-2,010 on Ether's rebound, with a target of 2,010-1,950.