Bitcoin's 4-hour level at 72K serves as a key resistance point, where recent multiple upward retests have been clearly blocked, with rebound momentum exhausted and no effective breakout formed.

Additionally, the 4-hour moving averages remain in a bearish alignment, and the RSI continues to stay weak at low levels. I believe this rebound is more of a technical correction rather than a trend reversal.

Short positions in batches at 69,000, with a stop loss at 70,000, targeting below 65,000.