Daily Level (Mid-term Trend)

Prices have broken below the EMA15/EMA30 short-term moving averages across the board, with moving averages turning downward to form a bearish alignment;

MACD is operating below the zero line, with the green histogram slightly shrinking, but the downward momentum has not exhausted;

The Bollinger Bands are opening downward, with prices near the lower band;

Key resistance levels: 65200 (Bollinger middle band), 67300 (intraday high strong resistance), 70000 (EMA60 medium to long-term resistance);

Key support levels: 60700 (bullish psychological threshold), 57600 (Bollinger lower band extreme support).

2. 4-Hour Level (Short-term Main Trend)

Moving average system has a death cross downward, rebound highs are gradually decreasing, and the downward channel is complete;

MACD fast and slow lines are declining, with increasing bearish momentum bars;

The middle band at 65000 forms strong resistance; as long as it cannot gain volume and stabilize, all rebounds are false signals;

Short-term first support at 62000; if broken, the next target is in the 60700 range.

1-Hour Short-term (Intraday Rhythm)

RSI is near 32, slightly approaching oversold territory, with a small technical rebound demand intraday, but the rebound space is limited, making it difficult to break through the 64500 resistance zone.

Intraday Key Range Reference

Resistance zones (from near to far)

1. 64300–64600: First short-term resistance, intraday rebound high point, concentrated trapped positions;

2. 65000–65300: 4-hour Bollinger middle band, mid-term bull-bear dividing line;

3. 66800–67300: Starting point of this round of decline, strong resistance zone.

Support zones (from near to far)

1. 62000–62300: Intraday short-term support, current bottom of the oscillation;

2. 60700–61000: Important psychological + structural support, potential bottoming zone mentioned by Coinbase executives;

3. 57500–57800: Daily Bollinger lower band, extreme support during this deep correction.

Market Summary and Future Outlook

1. Short-term (Intraday): Overall weak oscillation, small rebounds do not change the bearish structure, and after a rebound pressure, a second decline is likely; if volume breaks below 62000, it will quickly test the 60700 support.

2. Mid-term (3–7 days): Only if volume stabilizes above 65300 and closes above the moving averages can the bearish trend be alleviated; otherwise, the market will continue to weakly grind within the 60700–65000 range.

3. Bullish Turn Conditions: At least one of the following occurs—Federal Reserve signals rate cuts, spot ETF experiences continuous large net inflows, or large on-chain wallet accumulation funds enter the market—only then can the adjustment be expected to end. #我的Gate交易时刻