Bitcoin Short-term Morning Analysis

Entry: 66,400—66,500 near for a bounce
Target Range: Target (1) 66,000—65,800 (first reduce and take profits)
Target (2) 65,300—64,800 (break below previous low, remaining bullish for speculation)
Defense: 66,900
II. Market Logic Interpretation
Market Structure: The market trend is fluctuating; after reaching 67,292, the rebound turned downward, and the momentum of the rally has almost exhausted, shifting from strength to weakness in the short term; during the rebound, the price is supported by the short-term trend line, with continuous selling pressure above, and the rally lacks the strength to re-enter the previous high range.
Support and Resistance: The lower moving averages show slight support, but only slow the decline and cannot reverse the short-term rally pattern; technical indicators' signals are gradually strengthening, with the short-term rally dominating the market trend.
Trading Strategy: Intra-day, prioritize rebounding off the upper resistance level to form a rally, and watch for a correction in the rally to gauge market sentiment.
III. Market Risk Reminder
This decline is only a temporary correction after an upward move; the medium to long-term larger cycle remains bullish, and short-term rally efforts must strictly include stop-losses to prevent the market from breaking above key levels again, which could lead to losses from being trapped. #BTC