Combining the early morning market conditions, after the big coin quickly retreated after probing the 67100 line yesterday, a long upper shadow engulfing pattern has formed at the four-hour level, indicating significant selling pressure at this position, and bullish momentum shows obvious exhaustion. The current high point is gradually decreasing, and the rebound stage lacks volume. The short-term moving averages have formed a death cross, suppressing prices, which are running below the middle track of the Bollinger Bands, and the technical structure leans towards a bearish arrangement.
The key support below is at the 66200 line, which is the lower edge of the previous oscillation platform. If this area is tested and broken again during the day, it is highly likely to open up further downward space, with the next target possibly pointing to around 65800 and 65200. Meanwhile, the leveraged long positions accumulated at high levels have not been fully cleared, and once the key support is breached, it may easily trigger a chain reaction, increasing downward pressure.
Overall, the short-term rebound structure has been damaged, and there is clear resistance above. Before the price stabilizes above 67000 again, any rebound can be seen as a trap for bulls. It is recommended to maintain a bearish mindset and closely monitor the gains and losses around the 66200 line; a rebound is the timing for bearish intervention. #全球市场波动 $BTC
