Follow the Bitcoin rhythm; after an overnight rebound to the 2218 area, it once again met resistance and was pressured downward. Currently, it is repeatedly ranging and consolidating around 2205.

From the 4-hour structure, after the earlier bearish side saw increased selling volume and drove the move downward, the rebound potential starting from 2157 has basically been digested. The market has entered a phase of converging and consolidating, with overall momentum showing some decline, and the short-term outlook is again on the weak side.

Although the price action in smaller timeframes is accompanied by small bullish candles that gradually move upward, the upside momentum is clearly insufficient. It is more geared toward weak repair and makes it difficult to form an effective reversal. The current formation is still dominated by the bears, and market sentiment is notably bearish.

For intraday trading, continue to focus on the high-short idea. Pay close attention to rebound short opportunities around 2210 and 2230. For downside targets, watch the 2150-2100 area.#Gate上线Pre-IPOs $BTC ‌