BTC breakdown confirmed—short positions are already in

Yesterday, 65,500 kept surging up and then repeatedly pulled back; all three attempts to push higher failed. CPI, PPI, and unemployment claims came one after another as three favorable catalysts—each one arrived softer than the last, and each peak was lower than the previous. In crypto, the principle that “once good news is exhausted, bad news follows” has never changed.

In terms of candlestick structure, the daily chart has continued to print candles with upper wicks. The 65,500–66,000 area has trapped longs, and the sell-side pressure there is dense. On the 1-hour timeframe, EMA55 = 64,215; price has clearly fallen below it, and the close prices of multiple consecutive candles are all below this line. On the 4-hour chart, the MACD red histogram continues to shrink—signals of decaying northbound momentum are clear. 64,000–64,200 has flipped from support into a strong resistance zone. The short-term long structure has officially broken down, and the bearish setup is confirmed.

Trade log:

· Entry: 64,290 short
· Stop loss: 65,000 (above EMA55 + prior high resistance zone)
· Targets: first watch for new lows; downside room opens up

Thesis: This upward move started from 61,800 and ran up to 65,500; the long side’s energy has already been fully released. Repeated failures to break higher mean short-term profit-taking is now concentrating for distribution. Plus, the Federal Reserve’s hawkish stance has reignited expectations for rate hikes, and the ETF has turned into net outflows—bearish force has already taken the lead. Place the stop loss above 65,000 to give enough buffer for tolerance; next, just wait for the market to move down on its own.

Go with the flow—don’t guess the bottom.

#BTC #比特币 #合约交易 #BTC行情分析