**Early Morning Market Review**

BTC price declined one-way from around 74,000 in the evening to 70,868, then began to retrace near 71,500. Currently, the price is oscillating slightly around 71,000. This is consistent with our bearish strategy from last night. We took a short position around 72,200 in the evening and exited near 71,248, locking in close to 1,000 points in profit.

**Big Pie Analysis**

On the 4-hour timeframe, BTC continues to maintain narrow-range consolidation and recovery, with the coin price temporarily compressed around 71,000. However, on the daily timeframe, after breaking through the previous short-term support zone, it continues to be pressured by short-cycle moving averages, maintaining narrow-range oscillation, showing a slightly bearish bias on the daily timeframe. On the hourly timeframe, short-cycle moving averages are beginning to gradually hook down and diverge, continuing to maintain a relatively weak trend on the short-cycle timeframe. The movement is slightly cautious; our operational strategy is still to short at higher positions as much as possible. In summary, follow the trend and execute short positions accordingly.

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