Bitcoin weekly chart has closed with consecutive bearish candles, with highs and lows continuously moving lower. The descending trend structure remains intact, and the medium-term bearish pattern is difficult to shake. The moving averages are in a complete bearish alignment, the Bollinger Bands opening continuously downward, and the price is running below the middle band, hugging the lower band. The upper band at 670,000 forms a strong resistance for the cycle. Focus on the lower band at 58,000, which is the core defense support this week. If it breaks effectively, it will open a new round of downside space, with the target directly pointing to around 56,000. On the daily chart, the MACD lines are running below the zero line, and the green bars are continuously shrinking, showing signs of mild bullish divergence. However, the lines have not formed a valid golden cross, and the rebound momentum remains weak. Such a rebound without volume is hard to sustain. Currently, the price is oscillating at a low level around 59,200. The intraday bull-bear demarcation is at 61,000. If it does not break, continue to maintain a bearish view; once it stabilizes above, then switch to short-term longs.#BTC下探60000美元关键关口 $BTC $ETH

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