Crypto Circle Academician: Is the 4-hour divergence at Bitcoin's 6.2 bottom a scam? Hidden dangers in BTC's pullback, where is the next support level? Latest market analysis and trading suggestions

Bitcoin current price is 71,500. This wave of northbound movement was swept out, following strict stop-loss rules. Normal losses are part of trading; don’t fight it. Strictly adhere to the rules: don’t trade when the trend is unclear, don’t trade when signals are incomplete, and don’t set stop-losses when none are in place! Surviving in the crypto world is a thousand times more important than making quick money. After Bitcoin broke below 72,000, I was also shaken out along with everyone else. Now we’ve reached the 70,000 level,

The daily K-line shows a intraday decline of 2.83%, breaking below short-term moving averages like EMA15 and EMA30, and the TD sequence has already printed the 6th green candle, indicating ongoing downward momentum. MACD's DIF and DEA continue to decline, with increasing green bars, showing dominant downward force; the middle band of the Bollinger Bands at 76,338 has formed strong resistance, and the price is testing the lower band around 71,768. Currently, it is barely holding the lower support; once broken, the space below will open up to the 70,000 integer level.

The 4-hour K-line shows a clear downward channel, with the price moving along the lower Bollinger Band. The moving averages are arranged downward, with EMA15 to EMA120 all turning downward, forming multiple layers of resistance. Although MACD shows signs of bullish divergence, with decreasing green bars and a slight rebound demand, the rebound is limited. The first resistance is at the middle Bollinger Band around 73,363. The TD sequence has already printed the 9th green candle, indicating a short-term possibility of stopping the decline and rebounding, but the overall trend remains bearish. The rebound is likely a weak retracement.

Short-term trading ideas: Follow the major cycle trend, with quick small stops, quick in and out.

Support below at 71,300 to 70,800, stop-loss at 70,300, target at 73,000 to 73,500.

Resistance above at 73,000 to 73,500, stop-loss at 74,000, target at 70,500 to 70,000.

Specific operations depend on real-time market data. For more information, contact the author. The article may have delays; use for reference $BTC at your own risk.