February 9 Evening Market Analysis

Today, Bitcoin's rebound is weak, with clear resistance around 70,000. The Stochastic RSI indicates diminishing upward momentum. On the 4-hour chart, it’s difficult to break through the key trendline. Tonight, the trend is likely to continue consolidating downward. The rebound presents a good opportunity to short. Consider short positions around the 69,500-70,000 resistance zone, targeting the support band at 68,000-67,000 below. Set strict stop-losses to prevent unexpected rebounds.

Bitcoin

- Direction: Short
- Entry Range: 69,500-70,000 (enter in batches as it rebounds into this zone)
- Stop Loss: 70,600 (strictly set to prevent breakout above)
- Take Profit: 68,000-67,000 (reduce positions in stages upon reaching the zone to lock in profits)