Bitcoin Short-term Morning Analysis

Entry: Rebound around 65,960, place a buy order
Target Range: Target (1) 65,600—65,500 (take partial profits early)
Target (2) 65,000—64,800 (break below previous low, remaining position for potential rebound)
Stop-loss defense level: 66,300
II. Market Logic Interpretation
Trend Structure: Market momentum surged to 66,248 peak, then turned downward; the bullish momentum has nearly exhausted, short-term trend shifting from strong to weak; during the rebound, the price faces resistance at the short-term moving averages, with continuous selling pressure above, and the bullish momentum unable to re-enter the previous trading range.
Support and Buying Power: The low point at 65,477 shows slight buying support, but only slows down the decline; it cannot reverse the short-term downward trend; technical indicators' bullish signals are gradually strengthening, with short-term bullish momentum dominating the market.
Trading Strategy: Prioritize buying on rebounds near the upper support levels during the day, and watch for potential pullbacks to gauge market sentiment.
III. Market Risk Reminder
This decline is merely a temporary correction after an upward move; the medium to long-term larger cycle remains bullish; short-term bearish positions must be strictly protected with stop-loss orders to prevent losses from a sudden breakout above key levels.
The content is real-time and for reference only. #BTC