Morning Market Review: BTC price dropped in the evening from around 74,000 in a one-way decline to 70,868, then began to rebound near 71,500. Currently, the price is oscillating slightly around 71,000. This is consistent with our bearish strategy from last night. We opened short positions near 72,200 in the evening, and already exited near 71,248, locking in close to 1,000 points of profit.

The Big Coin is currently maintaining a narrow range oscillation and repair on the 4-hour level. The coin price is temporarily compressed around 71,000. However, on the daily level, after breaking below the earlier short-term support band, it continues to face pressure from short-cycle moving averages, maintaining narrow range oscillation. We tend to lean bearish on the daily level. On the hourly level, short-cycle moving averages are beginning to gradually turn downward and diverge, continuing to maintain a relatively weak trend on short-cycle movements. The movement is slightly cautious. Our operational strategy is still to short at high levels as much as possible. In summary, we can operate with the trend and go short accordingly.

Big Coin short near 71,600, targeting 70,000#Gate13周年全球庆典