Market quick update: Today's travel was a full day of flying, and so was Bitcoin. Has the big bullish candle of over 10% in one day created a feeling of a bull rebound? Yesterday I mentioned wanting to try adding back short positions, and I made a small attempt at the mentioned 4h FVG. It dropped and then quickly rebounded, so I exited. Until just now landing, there was not much of an entry point, so I quickly check the current market. Daily chart: Yesterday's volume was huge, and today's volume has filled in the FVG. 4h chart: It is temporarily blocked at the 26 EMA. 1h chart: It has now reached a small high point of structural change, but has not yet broken through. And it is approaching 0.618/0.66. Considering the key levels, I think it is possible to try shorting. Place a stop loss above 0.66. Unless it closes with a daily bullish engulfing candle with higher volume. Then I will delay the shorting. Another thing is that this rally is being pulled by the spot market. I don't think this is so-called "snatching chips" accumulation. I think this kind of pull-up is to dump at a higher level. Therefore, this is a risk for left-side shorting. You don't see volume selling, so it can still be pulled up. Don't think that RSI overbought or oversold means a reversal. Extreme one-sided rallies or violent moves are not effective and will become desensitized. It all depends on how much real money the spot market is willing to spend to pull it up to what level. In summary, it is a short position worth trying from a technical perspective, but with low confidence in the game theory. Also, I still maintain the view that 51K is the medium-term target. #Bitcoin #BTC #Cryptotrading