Bitcoin is now at 1997, and the trend is very clear—it's just a correction after a sharp decline, not a bottoming out. Many people's mentality is impatient; they want to buy the dip at the first rebound, but end up getting caught repeatedly.

Remember, until the trend reverses, do not operate against the trend lightly. Since the daily chart has fallen from the high point, it has broken important support levels. Multiple moving averages are in a bearish alignment, continuously suppressing the price. MACD remains weak, and the downward momentum has not been fully released. The key support below is 1736.

The four-hour chart is similarly weak, with limited rebound space. Resistance around 2020 is obvious, and the price is hugging the lower Bollinger Band. Short-term support is at 1950. Overall, the bias remains bearish.

Trading suggestion: Short near 2010-2040, targeting a drop to around 1970-1940, with a break below 1900. Long-term target is 1730.