Bitcoin retraced to the support zone of 65,000 and then rebounded again, climbing back to around 67,000. This is in the middle of the range-bound consolidation. In the short term, both bulls and bears have trading opportunities, but the larger trend remains dominated by the bears and has not changed.

In terms of strategy, continue to prioritize selling high and buying low, with key resistance levels at 70,000 and around 72,000. If the market continues to rebound tonight and tests the upper Bollinger Band, consider short positions accordingly.

Pay close attention to the validity of the 65,000 support level below. If the price tests this level multiple times without breaking below, it can also be used as a basis for a rebound trade.

Take partial short positions at 69,000, with a stop at 70,200. First target is 67,000, with the overall pattern centered around 65,000 support and the upper Bollinger Band.