4.6 Morning Analysis

Bitcoin 1-hour chart surged to 69,305 before sharply pulling back, forming a clear downward structure. The current rebound is hovering near the middle Bollinger Band and remains under continuous pressure. Overall, it maintains a bearish order book pattern. The upper Bollinger Band at 67,099 is strong resistance, while the lower band at 65,712 is a key support level that is in danger. The short-term rebound is only a continuation of the decline, and bullish momentum is clearly insufficient. The KDJ indicator is flat around 50, with no effective golden cross signal. It may turn downward at any time, releasing a new round of sell-off pressure. The overall trend is weak; the rebound lacks strength to continue. In terms of operations, focus on going short at higher levels, with emphasis on arranging positions around the middle band pressure level, and watch for the risk of breaking below the previous low.

Trading suggestion: 69,000-69,500 箜, target 67,000-67,500.$BTC $GT