The technical structure shows signs of a pullback. In the four-hour chart of Bitcoin, after a series of upward bullish candles, it encountered resistance at a key pressure level and fell back. The rebound did not break the previous high, confirming the entry into a pullback phase. The failure to make a new high and the increased downward momentum indicate a weakening of bullish momentum, with a bearish structural bias.

In the one-hour chart, the KDJ indicator showed a false golden cross before turning downward, signaling a bullish trap. Although the price briefly stood above the upper Bollinger Band, the continuous long upper shadows indicate that it is actually under pressure and not an effective breakout, necessitating a retest of the middle band for support. Within the Bollinger Bands, the price rebound is constrained by the middle band, showing insufficient support. If the rebound continues to lack strength, the downward trend may persist.

For the afternoon operations, maintain a bearish outlook and consider light short positions at highs.

It is recommended to short at 2470-2500, looking at around 2410.

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