Bitcoin BTC 4.7 Evening Analysis

Tonight, Bitcoin still maintains a clear bearish structure. Any rebound is an opportunity to short, with a consistent and clear overall approach.

From the market perspective, the current rebound is a correction within a downtrend, not a trend reversal. Resistance levels are obvious, bulls are struggling to push higher, trading volume is insufficient, and overall market sentiment remains cautious. The bearish advantage is gradually becoming more evident.

In terms of strategy, continue to adhere to a high-short approach, gradually position around key resistance levels, strictly manage risk, and avoid being misled by short-term small rebounds. Follow the trend and act accordingly. If Bitcoin rebounds to the 69,300-70,000 range and then falls below around 68,000, look for a drop to 67,000-66,500.