Long-term bearish! Bitcoin heading straight to 62800!

Bitcoin is currently hovering around 69000, don't be fooled by short-term rebounds, long-term bearish signals are at maximum!

Fed rate cut expectations have been cut, or even possible rate hikes, tightening liquidity is a done deal;

From the chart perspective, the 70000 level has repeatedly failed to hold, rebounds lack volume. Short-term support at 68000 and 66000 is not solid, once broken it will accelerate downward.

In terms of trend structure, after high-level consolidation the center of gravity continues to shift lower, no new upside momentum, correction space has opened up. Whether short-term or medium-to-long-term, the trend is biased down.

First target directly at 62800.
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