Reviewing the early morning market, Bitcoin faced strong pressure at the 68100 line and fell sharply, reaching a low near 66100, with a one-sided drop of nearly 2000 points. Currently, it has slightly rebounded to the 66500 area for consolidation. From the daily chart perspective, the price has broken below several key support levels recently, and the short-term moving average system shows a dead cross diverging downwards. The MACD bearish energy bars continue to expand, and the RSI is in a weak zone. The bearish structure is still intact, with no clear signs of a stop in the decline.
On the 4-hour chart, the candlesticks have continuously closed with solid bearish lines, showing weak rebounds. The price is running below all major moving averages, presenting a bearish arrangement. The Bollinger Bands are opening downwards, and the current rebound has only reached the inner side of the lower band, indicating a technical correction that has not reversed the downward trend. On the hourly level, the morning rebound reached around 66500, but the trading volume was insufficient. The area between 66800-67200 has transformed into a strong resistance zone, forming the lower edge of the previous platform and the continuation position during the early morning decline. If it cannot stabilize above 67200, the bears will exert pressure again.
In terms of operation, it is recommended to focus on short positions during rebounds. Attention can be given to the 66500-66800 area for phased short positioning, with a stop loss set above 67200. The initial target is to look at the 66100 low; if broken, then look at around 65500. Long positions need to wait for a more clear bottom structure to appear, and it is currently not advised to blindly bottom fish. #亚洲股市跳水 $BTC
