Every time $BTC bounces back to the resistance zone, there are always doubts about whether this is a bull market or skepticism about the logic of shorting at the highs. However, at this stage, there are no structural signals confirming a bull market reversal. On smaller timeframes, there have been repeated breakdowns of lows followed by rebounds, but the overall downward trend on the weekly chart remains unchanged. This rebound is just a phase of recovery within the bear market, not the start of a new bull market. Even if the rebound pushes up to the 66,000-68,000 resistance range, it’s highly likely to form an M-top and then pull back, presenting a good shorting opportunity. Trading strategy: Don’t blindly go all-in on either long or short positions. Treat the market as range-bound in the short term. Watch for a pullback near the upper resistance at 64,700, and look for short-term longs near the lower support at 61,300. Avoid prematurely predicting a unilateral bull market trend.