In the early stage, Bitcoin (the “big coin”) has been on a steady downtrend all the way. After the low was tapped at the 65,359 level, bearish momentum has been completely exhausted. Many chips that entered at lower levels have stepped in to take over, and the selloff has come to a stop. The market has gradually begun to repair and rebound; the current price is holding around 67,220.

Judging from the order-book chart structure, it can be seen that the previously continuous downtrend has ended. The various Bollinger Bands are gradually flattening, and the price is stabilizing within the moving-average range, fully getting rid of the weak pattern of one-sided decline. At present, both bulls and bears are relatively cautious: there has not been a large influx of funds to push the price higher, and the bears also do not want to keep dumping and exit. The market has fallen into a narrow-range sideways grind, with the intraday upside and downside room being compressed.

The main overhead pressure is around 67,800. Each time the price rises toward this level, it is prone to stall. Key support is around 66,500; when the price pulls back to this area, buy orders are likely to step in and provide a floor. Market sentiment is cautious, with most traders waiting for a breakout in either direction. Those positioned at lower levels who are in the process of bottoming are choosing to hold steady rather than making aggressive moves, and retail traders trapped at higher levels are no longer blindly cutting losses, further reducing fluctuations in the market.

In the short term, the market will most likely keep oscillating back and forth within a range. It is not appropriate to blindly chase rallies or bottom-fish. A more prudent approach is to patiently wait for the price to retrace to support and stabilize before considering going long on dips. Only when there is a volume-backed breakout above the overhead resistance can the bulls get a chance to open up upward space. Once key support is broken, the market will test the prior low again. #分享美股交易赢英伟达股票 $BTC