Bitcoin Technical Key Levels

Support (from strong to weak)

1. 59000: 4-hour key neckline, short-term long core defense line; breaking below invalidates the rebound logic

2. 58200-58500: Lower edge of the oscillation center, concentrated absorption zone for bottom-fishing capital

3. 57700: Recent swing low; a valid breakdown will open new downside space

Resistance (from strong to weak)

1. 60700-61000: Intraday first layer of selling pressure, near the early morning high, first take-profit area for a rebound

2. 61300-61800: Strong resistance at the high of this rebound; only a volume-supported hold above 61800 will reverse the short-term weakness

3. 63500: Mid-term Volume Profile Point of Control (POC), mid-term bearish watershed

Indicator Signals

1. Daily: All medium and long-term moving averages are suppressing price; MACD is running below the zero line, no golden cross reversal; highs and lows continue to decline, medium-term bearish pattern unchanged

2. 4-hour: RSI slightly oversold repaired, rebound volume remains insufficient, price spikes easily on rallies #Circle股价重挫17%