$BTC Crypto Circle Academician: The downward trend on Bitcoin's daily chart since June 17 remains unchanged. Is it time for high sell and low buy within the 4-hour range? Latest market analysis and trading suggestions.

　　
　　Bitcoin is currently priced at 65,600. From a cyclical perspective, objectively speaking, BTC is in a weak corrective oscillation after a decline. The daily downward structure has not been repaired, the 4-hour range is converging with sideways movement, volatility continues to compress, and it’s very unlikely to see a one-sided trend in the short term. Many crypto enthusiasts are in a misconception, mistaking oversold rebounds for reversals, blindly increasing positions to gamble on a big rise, ignoring resistance from moving averages and Fibonacci pressure zones. The core idea of oscillating markets is range trading, only positioning at the upper and lower boundaries of the range, minimizing trades in the middle to avoid ineffective transactions that drain capital and mental stamina.
　　
　　The daily K-line has entered a narrow oscillation and grinding phase. All moving averages are arranged downward. The first resistance above is 73,445, which is the 78.6% Fibonacci retracement level of the decline wave, making a short-term breakthrough very difficult. MACD’s downward momentum has slightly weakened but has not reversed; Bollinger Bands are continuously narrowing downward, with the middle band at 74,911 forming strong resistance, and the lower band at 57,212 serving as long-term support. Structurally, the daily chart shows a low point at 59,080 completing a bottoming rebound, but the rebound is weak, unable to break above short-term moving averages. The long-term downtrend remains unchanged; the oscillation correction is just a pause during the decline.
　　
　　The four-hour fast line shows an extremely balanced battle between bulls and bears. 66,484 is the 23.6% Fibonacci resistance level, also the short-term moving average concentration resistance zone, with the price repeatedly testing but failing to stabilize. MACD’s short-term downward momentum is exhausted, but there is no volume increase indicating upward movement. Bollinger Bands are narrowing together, with the upper band at 67,412 and the lower band at 63,398, locking in the short-term oscillation range. From the low of 59,080, a rebound wave has formed, but the height of the rebound is gradually decreasing, with higher points continuously shifting downward, indicating a weak rebound pattern. The upward movement lacks additional capital inflow, and the rebound space is strictly limited.
　　
　　Short-term trading ideas: Follow the long-term trend, with quick stops and entries/exits.
　　
　　Buy on dips around 65,000 to 64,500, stop loss at 64,000, target 66,500 to 67,500.
　　
　　Sell on rallies around 67,000 to 67,500, stop loss at 68,000, target 66,000 to 65,500.
　　
　　Specific operations should be based on real-time market data. For more detailed information, you can contact the author. The article may be delayed in publishing; use for reference at your own risk.