Wednesday Night Bitcoin Jingyi's Analysis

From the current market situation, the bearish momentum has not yet been fully released, and there is room for further decline. The MACD indicator's green bearish bars continue to lengthen, indicating weakening bullish momentum, with short-term bears in control. It is not advisable to bottom fish in the short term.

First strong support: Break below 645 accelerates the decline
Core support: 632
Extreme support: 610-615, major trend defense zone

First resistance: 655
Second resistance: 668, the high point of this rebound, a key level for reversal to bullish
Strong resistance: 678-680

Trading Suggestions
Rebound to the 654-668 resistance zone, consider short positions, with the first target at 645, and if broken, look at 635-610. Jingyi still sees the long-term trend as bearish at 550, depending on the strength of the move.

If the support at 610-635 holds upon retest, consider long positions, targeting 645-668.
Do not blindly bottom fish; do not assume the bottom during declines. Use light positions for trading. #我的Gate交易时刻