#BTC触底66000

The air force cannon is in position; there may be a short-term rebound giving bulls a last chance to escape?

U.S. stocks surged, gold rebounded, only Bitcoin kept falling non-stop; this morning, the bulls' sky has fallen again. Bitcoin broke below $66,000, Ethereum dropped below $1,900, the weekly fifth wave decline that the little fortune has been obsessing over is finally here, and my short position has some gains. Regarding the upcoming market, I believe the overall bearish trend has not ended yet, with a target perhaps around 50,000+, but in the short term, Bitcoin may experience an oversold rebound after breaking below $66,000.

Currently, from a technical perspective, the 15-minute chart shows a small double bottom pattern; whether it can hold depends on subsequent market validation. On the 4-hour chart, the price has moved away from the lower Bollinger Band, the MACD green bars are shrinking, indicating a short-term rebound possibility. The short-term KDJ and RSI indicators are both showing oversold conditions. From the daily chart, the price has crossed below the lower Bollinger Band, deviating from the MA5 moving average, which also supports a short-term rebound, with a target perhaps near the 70,000 USD round number. However, from the weekly chart, the MACD red bars are shrinking, trading volume has not effectively increased, the KDJ and RSI are both in the middle range and not clearly oversold, and the price is still some distance from the lower Bollinger Band around 61,000 USD, so this decline has not bottomed out yet.

In summary, I believe now is not a good time to bottom fish. Although there may be a short-term oversold rebound, I do not recommend going against the trend for short-term trades. Those holding longs or spot positions can consider reducing or closing their positions during this rebound, and set up some short positions around 70,000 USD.

👉 This bear market has a characteristic: mainstream coins are falling happily, but many altcoins have shown independent movements, not following the decline, and some even hit new highs, such as recently LAB, HYPE, and ZEC. Besides, the World Cup is approaching, but related sector tokens have not performed well, so it might be a good opportunity to lay low. Some recently strong coins like MYX, WLD, ONDO, etc., are worth paying attention to, but avoid chasing highs; it’s best to wait until a daily-level correction appears before entering.