Bitcoin Short term Market Review: Long positions are unsustainable, rebound is weak, and may continue to fall to 71000-72000 The current price of Bitcoin is around 73000, and it has rebounded without volume for several consecutive days. The 4-hour chart shows that the high point of each rebound is decreasing, and the trading volume continues to shrink. From the fluctuation curve of long and short positions, it can be seen that long positions can attempt to counterattack, with average volume but no sustainability. In the second four hours, long positions have "weak" volume and are unable to organize effective counterattacks. This is not bottoming out, it is a 'downward relay'. ETF institutions continue to flee, distribute at high prices, do not go to pick up flying knives. On May 27th, the Bitcoin spot ETF had a net daily outflow of $733 million. BlackRock IBIT experienced a daily outflow of $528 million, setting the second largest daily outflow record in the fund's history. The net outflow has exceeded 2 billion US dollars for several consecutive days. This is not a panic among retail investors, but a systematic reduction of positions by institutions. The buying market has been continuously drained, making it difficult for prices to rebound significantly. 72500 is the convergence area of Fibonacci 0.5 retracement level and 100 day EMA. After the price first touched, there was a technical pullback, but the trading volume did not significantly increase during the pullback process. Draw back without quantity → continue to decline. Short positions can continue to exert force, and the center of gravity keeps shifting downwards. If 72500 falls below, the next target is 71000-72000. Subsequent key price positions: -Resistance: 74000-74500 -Current: 73000 -Support: 72500 → 71000-72000 → 68000 Trading strategy: We are currently observing and not opening new positions. Short selling conditions: rebound to 74000-74500 with a bearish signal, layout in batches, target 72500 → 71000. When the rebound is in place, short selling Bitcoin and Ethereum at high prices is the main strategy, take advantage of the situation. Finally, a warm reminder: Draw back without quantity → continue to decline. ETFs are running, don't take shortcuts. BTC Bitcoin 3D Integrated Trading Analysis