This week, the overall trend of Bitcoin first rose and then fell. After stabilizing around 67000 at the beginning of the week, the bulls began to increase their positions step by step, reaching a high near 72000. Subsequently, the price quickly retraced due to news disturbances, dipping to a low of 65500 before rebounding to the 66700 level. From a technical perspective, the current price remains above the 0.618 retracement level of the previous upward structure, which is considered a strong adjustment range, and there is clear support near 65500. The bulls have not been defeated, and the medium-term trend still leans bullish.
On the daily chart, although the price temporarily fell below MA10, MA30 still maintains an upward slope, and the medium-term trend has not turned bearish. The four-hour chart shows signs of weakening downward momentum, with the MACD bearish histogram beginning to shorten, and the RSI turning up from the oversold area, indicating that selling pressure is gradually being released, and there is a need for short-term correction. The Ethereum trend is linked to Bitcoin, showing greater elasticity. After a rise at the beginning of the week, it tested key support areas, similarly situated at the end of the correction phase. If Bitcoin stabilizes afterward, Ethereum is expected to show stronger rebound momentum.
Overall, this week's correction is more of an emotional release triggered by news and has not damaged the medium-term bullish structure. In terms of operations, one can pay attention to low long opportunities in the 65500-66000 range in batches, with a stop placed below 64500. The focus above is on the recovery situation in the 67500-68500 range. #美国“无王”抗议 $BTC
