⭐ BTC Today's Market Update

From the daily chart structure, Bitcoin's head and shoulders neckline has been broken, and it has dipped to a low point, hitting a 14-day new low.
In the past 24 hours, the entire network's liquidation reached $438 million, with nearly 90% of the liquidations caused by long positions, confirming that the rebound is mainly driven by short covering, with no real capital entering the market.
Currently, the price is around 73,600, in an accelerated downtrend after the breakdown.
The daily MACD has a death cross, with the gap widening, and the volume bars continue to grow, indicating that bearish momentum is still being released.
The only support zone below is between 73,700 and 72,000, which is a high-volume trading area on the weekly level since December last year.
If this support is lost again, it will open up new downside space, continuing the flag pattern decline we have been mentioning.
Resistance above: 75,500-76,000
Support below: 73,700-72,000, with a break below targeting 70,500
Today’s strategy: Trade in the trend, mainly shorting on rallies.
Watch for support around 72,000, which is the lower boundary of the channel; if it stabilizes, consider light long positions, as a contrarian trade, and exit if broken. #股票交易挑战最高赢17000U $BTC