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$BTC 64,700 is the tombstone left by the bears
The bounce is a bull trap; bears are targeting 62,000!
Death sentence for the market: From 64,706 to 63,229, this drop had no decent bounce, indicating extremely strong bearish momentum. After the MACD death cross, the green bars continue to expand, and DIFF and DEA are diverging downward — this is a textbook 'bearish continuation pattern'. Even the positive news of NASDAQ-listed companies increasing holdings couldn't lift the market. When it should rise but doesn't, a big drop is inevitable!
🔥 Intraday Trading Strategy (Don't miss every single trade
· Direction: Short on bounces. Never bottom fish!
· Entry range: 63,400 - 63,700 (Wait for the 15-minute candle to bounce to the previous low which becomes resistance, then enter short)
· Stop loss firm line: 64k (If it breaks above 64k, the bearish logic is invalidated; must exit)
· Take profit targets: First target 62,800 (previous low support); Second target 62,000 (psychological level, if broken, accelerates #BTC
X Next trade, Lao Er will arrange immediately