The $BTC written in the morning has already dropped below 68000, with the lowest reaching 67560, just 60 away from the third target suggested by Gongming!

Bitcoin breaks below 69000! Is the golden cross a trap or a reversal? Don't be fooled, keep short!

Crypto friends, don’t rush to buy the dip!

Today's market makes me shake my head – expectations for easing tensions in the Middle East have cooled, oil prices have rebounded, inflation fears have reignited, and Bitcoin has directly fallen below 69000, down over 3% from the overnight high! Ethereum, SOL, and XRP all followed suit, and altcoins are crying out in despair.

On the news front, market strategists have made it very clear: recent trends continue to be linked to macro factors. When the situation is unclear, risk assets will fluctuate; only when the situation becomes clear can there be a chance to rise. Now? Uncertainty remains, and the bears haven't left.

Summary: The macro pressure is significant; any rebound is a chance to escape.

Let’s look at the technicals, as this is key to your pocket.

On the 1-hour candlestick chart, BTC's overall trend today is downward, and there's no denying that.

Although the MACD shows a golden cross, if you look closely – the DIF and DEA have just congealed below the zero line, and the histogram has just turned red, indicating a technical repair golden cross during the downward process, not a trend reversal. The price is still struggling around 69,000, unable to stabilize even at 70,000.

Trading volume has increased moderately, but that's just a battle between bulls and bears, not a real buying signal. RSI is at 51.39, in the neutral zone, with no strong upward attack signals. This kind of golden cross is likely a trap for the bulls.

Summary: The golden cross is a rebound, not a reversal; the bearish trend has not been broken.

Zhao Gongming's viewpoint is very clear:

At this position, I won't chase the bulls; I see it as bearish.

Don't be fooled by a golden cross; until the trend changes, any rebound is an opportunity for you to short. Buying the dip now is like reaching out to catch a flying knife.

Retail investor operation advice:
Rebounds are for shorting; look for opportunities between 69000-69500, with a first target of 68500, a second target of 68000, and a third target of 67500. Where is the safest stop loss? Follow Gongming to find out!

Will this golden cross really pull the market up? When is the real shorting opportunity? I will only share these details with followers who keep up. Follow Gongming, join Zhao Gongming's 聊天室, and stay on track to profit without getting lost! #特朗普缓和局势 #特朗普希望尽快结束对伊朗战争
{future}(BTCUSDT)