Today's Trading Strategy (Tuesday)

Bitcoin is currently in an overall weakening state. Although there are occasional small rebounds, the momentum is clearly insufficient and lacks volume support. This is merely consolidation after the decline, not a true reversal.

On the daily chart level, the trend remains weak with moving averages applying downward pressure. Indicators show no signs of bottoming reversal signals. Each rebound to resistance levels gets easily knocked down, indicating that selling pressure remains heavy and bulls cannot sustain the push.

In the short term, the bearish trend still dominates with no clear signs of bottom-fishing. Therefore, the strategy focuses on selling on rebounds—avoid chasing bottoms prematurely. Enter positions when rebounds fail to advance further, which will be safer. Make sure to set stop losses to guard against unexpected rallies.

Bitcoin: Rebound from 71000 to 71500 can move south

First target: 70000

Second target: 69000 (use caution) #Gate13周年全球庆典 $BTC