4.1 Bitcoin Morning Outlook

The four-hour timeframe is already quite clear. Bitcoin has repeatedly surged but was all pushed back down; the key resistance level is just not being broken. The longer it consolidates sideways at high levels, the more it indicates that the bulls are only temporarily holding on, with no real momentum to push higher.
The spike in prices during the early morning seems more like a trap to lure in buyers, only to be immediately sold off, bringing the price back into a range of consolidation. This also confirms that the upper area is heavily guarded by bears—anyone trying to break through will face selling pressure.
The structure is very clear: this is not a reversal but a consolidation after a rebound. As long as the early morning high cannot be sustained, the likelihood is that the price will continue to retrace downward. Therefore, trading with the trend and shorting is the right approach. The rebound is an opportunity—if there's resistance at high levels, go short directly.
Personal Suggestions
Bitcoin
Currently trading around $67,800-$68,200
Suggestion: Short on rallies within the $68,500-$69,200 range
Stop-loss: Above $69,500
Target 1: $67,000-$67,200
Target 2: If it breaks below $67,000, look for $66,000-$66,500
$BTC
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