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Tonight, after the US stock market opens, the current market shows a weak rebound after a decline, with 67,400 not yet reclaimed, and the bears still pushing the market down. It's not that there's no rebound at all, but after bouncing from 65,360 to 67,500, neither the 1-hour nor the 4-hour chart has firmly closed above 67,400, indicating that this rebound hasn't upgraded, meaning it hasn't stabilized.
Trading volume and open interest also support this judgment: volume increases during the decline, and open interest rises as well, suggesting it's not just stop-loss activity but new short positions participating; during the rebound phase, buying hasn't kept up, and the price has been grinding around 67,000, with open interest rising but the price unable to push higher, indicating the rebound lacks quality.
Currently, the situation is ambiguous and tense; we can only watch 67,400. Only if it recovers can there be a chance to test 68,600, and going higher, 70,000. 70,000 is the daily line boundary; until it is reclaimed, the daily chart can only be considered a weak recovery, not a sign of strength. Looking downward, keep an eye on 65,300, which is today’s low and short-term support; if it breaks and cannot be reclaimed, the risk will shift toward 64,600, as well as the key level of 62,400 given at noon today.
So, the current low-level weak rebound is not a reversal, and avoid emotional shorting around 65,300. The main idea is to be optimistic about 67,400: if it recovers, short-term pressure eases; if 70,000 is reclaimed, the daily chart will truly begin to recover. Conversely, if 65,300 breaks and cannot be reclaimed, the weakness will #BTC触底66000 continue to expand.