BTC's decline seems to be hindered at the 10,300 mark, and today the price rebounded by 2,000 dollars, which will inevitably lead many to start doubting the strength of this bearish trend, thus giving rise to the idea that the market might have bottomed out and is rebounding. Although on the 4-hour chart, during BTC’s downward recovery, the market indeed formed a long lower shadow bearish candle, and subsequently showed a series of bullish rebounds.

However, from a 240-minute perspective, the oscillation within the range of 10,600-10,300 has become very evident, which is also the breakout direction to pay attention to this week. A breakout above 10,680 will preliminarily indicate a bottoming rebound; a drop below 10,300 will initiate a new round of decline. In other words, the long-term oscillation currently experienced is also a method of exchanging time for space, which should be particularly noted in this week's trend. At the beginning of the week, for short-term operations, treat it as a range; go long at 10,350-10,370 with a target of 1,800-2,000 points, and go short at 10,650-10,680 with a target of 3,000 points.