Btc has been continuously declining in the short term. This downward trend not only missed opportunities but also resulted in two stop losses when trying to catch a rebound in small-scale trades. The pullback after the failure of the 72,000 shoulder-bottom breakout should not have been an attempt to catch a rebound. Operating against the trend was also a very basic mistake, as getting overexposed easily affects judgment; this is a lesson to learn from.

Currently, this downward trend has dropped to around 65,000, which is also the low point from the decline that started from the 76,000 high. At that time, after shorting around 75,000, the target was also to see around 65,000. However, I couldn’t hold it for that long, and I thought it wouldn’t drop smoothly to that point, expecting repeated rebounds before falling. Additionally, I didn’t anticipate that it would drop so smoothly to that level based on the news.

Here, the 65,000-63,000 range is considered strong support and is also the lower edge of the bearish wedge seen on the daily chart, with significant support strength. Moreover, on the 4-hour chart, the downward momentum is continuously decreasing. Therefore, I will pay attention to whether this range can hold. If it holds, there is hope for a rebound; if it breaks below, we will need to look for new lows. The liquidity is a bit poor during the weekend, so I won’t make any trades for now and will observe the situation for a while.