Bitcoin daily and weekly timeframes are simultaneously constructing bearish flags, descending channels, and double-top structures, with multiple bearish technical patterns resonating together, the trend signal is already extremely clear.



The 74,000-76,000 range serves as a strong resistance zone, with multiple counterattacks failing to break through effectively, bullish momentum continues to weaken, short-term moving averages have completely turned downward forming a bearish arrangement, continuously suppressing prices, with each rally appearing more like a bull trap.

Key support levels are successively breached, while trading volume shows typical escape characteristics of rebounds on contracting volume and declines on expanding volume, capital exit attitude is decisive. According to technical pattern measurement targets, once 63,000 key level is effectively broken, downside space will further open up, at that point we could see 57,000 or even lower levels.

Once a trend forms it possesses extremely strong continuity, blindly buying the dip at this moment is easily being caught in continuation-down moves, currently going short with the trend is the more rational choice.

Operation suggestion: Short around 69,400-70,000, target 66,000-65,200 below, break 64,000, 63,000
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林染vip
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