Good morning, friends. Another night has passed; how did everyone fare? The midnight strategy yesterday clearly indicated: a short-term technical correction is unlikely to change the overall weak trend, suggesting to strategically position based on key resistance levels. The price rebounded to around 69100 but fell back under pressure, then quickly weakened, dipping to a low of 68100, with nearly a thousand points being realized successfully.
From the current perspective, after oscillating back and forth at midnight, the overall weak trend of Bitcoin has become clear. The rebound confirms the strong resistance area above, but the volume is insufficient, and the rebound lacks effective continuation. A downward inverted candlestick formed on the four-hour chart, briefly releasing the bearish sentiment. The price still relies on the lower Bollinger Band for temporary support, and the short-term trend remains in a consolidation phase. Therefore, in the early morning, we maintain our stance on Bitcoin, continuing to choose high opportunities.
Bitcoin: around 69200, looking down to 67500.