Last week, it was mentioned that the big pie will wait for a while starting with the number 6. Those who followed up have locked in profits, while those who haven’t adjusted are still being passively washed out. Cryptocurrency is not about luck; the core lies in controlling risks first and then discussing gains to achieve long-term stability.
Looking at the technical aspect: the 4-hour Bollinger Bands are showing an expanding trumpet shape, with prices under pressure at the lower band; the EMA moving averages are in a bearish arrangement, and rebounds are restricted by the middle band; the MACD green bars are continuously expanding, with a death cross diverging, and bearish momentum has not yet exhausted. We still maintain our stance on short positions.
For the rebound in the 68500-6900 range, we will gradually open short positions, targeting 67000. Set stop-loss above 69500; if it breaks down, we may see the 66000-66500 area.
Risk warning: If a long lower shadow with significant volume appears at around 67000 on the hourly level or if there is a MACD bottom divergence, short positions need to be reduced in a timely manner. Also, pay attention to macro news that may disturb the market.