Must open short positions

From the 4-hour structure, after a rebound, the price has fallen back below the Bollinger middle band, indicating a generally weak and oscillating pattern. The middle band around 69,000 is acting as resistance, and the upper band has moved down, suggesting the trend has not truly strengthened. Support below is concentrated around 66,000; if broken, a further decline to previous lows cannot be ruled out.

The current rhythm is a retracement phase after a weak rebound, with insufficient bullish momentum.

Intraday trading strategy

Monitor the resistance around 68,500 to 69,000 during the rebound, prioritize short positions
Support is at 66,000; if broken, look at the 64,500 to 63,000 range
If the price firmly stays above 69,000, be cautious with short positions; short-term, the market may shift to oscillation and correction

Overall, maintain a rebound-and-short strategy, with quick entries and exits, control position sizes, and avoid chasing orders
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