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#BTC昨日最低72.5K已经接近上行通道下轨 , and there is an oversold condition on the 4-hour chart, indicating a rebound correction is needed, but the recent decline has been accompanied by weak rebounds,
On the daily chart, resistance is at the 75K-76K head and shoulders neckline, which can be considered for short positions. If the daily chart breaks above and stabilizes at 76K, the bearish trend will change, and there is a small probability of reaching new highs again,
If the neckline is resisted and the price declines, support can be seen around 71.8K, and if broken, then down to 69K.
The 1-hour chart shows a downward channel, oversold conditions + divergence, indicating a minor correction is needed,
Watch above for 74.2K and 76K, as well as the upper boundary of the downward channel. $BTC