Bitcoin breaks below 70k! The main downward wave of the bears is going crazy—whoever tries to bottom fish will die

$BTC
From the high of 74,292, the coin dropped directly 4,600 points in 3 days, a decline of over 6%. This is not a correction; it’s a naked acceleration of the main downtrend!

Currently, there are no signs of bullish resistance in the market; all three moving averages are diverging downward, and the candlesticks are being firmly pushed below the moving averages. Each successive candlestick is longer than the last, and the selling pressure is ridiculously heavy. Just now, a new low of 69,687 was broken, and this narrow-range consolidation is just a breather in the downward continuation, not a sign of stabilization!

As long as the closing price effectively breaks below 69,500, the next target is directly 68,500-68,800. If this level cannot hold, it will head toward 67,000. Once the trend is established, it won’t reverse easily. Any rebound now is just an opportunity for you to escape or add to your short positions.

The short-term decline is too fierce, and there might be a small volume rebound, reaching at most 70,300-70,500, with a stronger move to 70,800-71,000. But remember, this is just technical correction, not a reversal. A rebound to the resistance level is the best entry point for a short position.

Unless there is a huge positive surprise tonight and volume stabilizes above 72,000, don’t even think about it. The current technical setup is all short, with no signs of reversal. Don’t dream.

Bottom fishing now is like catching a flying knife; it’s very easy to get liquidated by a big bearish candle. Focus on short positions; sell on rebounds, with a stop-loss set 300 points above the resistance level. Don’t allocate more than 20% of your position to a single asset. Enter and exit quickly, and don’t be greedy #微策略出售32枚比特币