【Market Morning Report 🚨: Support Turns Resistance, BTC Enters $67K Defense Battle!】

Technical Analysis: BTC on the 1-hour timeframe has officially broken below the previous consolidation box bottom, touching around $67,317. The Alligator indicator's three lines are currently diverging downward in a standard bearish formation. MACD shows signs of bottom divergence, but the green histogram momentum is extremely weak.

News: The market is still digesting the "hawkish hangover" from the 3/18 FOMC. Although the SEC/CFTC granted 16 tokens "digital commodity" status, it's too little too late. Short-term liquidity is being suppressed by inflation expectations from the Middle East energy crisis, and institutions appear extremely cautious after selling off below $75,000.

📊Trading Direction: High sells/low buys, abandon longs, go short

Short Entry Levels: 69,200 - 69,500.

Rationale: This is the "dual resistance zone" of the 0.236 Fibonacci level and previous support. If it fails to break through on a retest, it's an excellent second-wave shorting opportunity.

Take Profit: Around $65,500.

Long: Left-side Accumulation Point: $65,500.

Rationale: This is the trend line support on the weekly timeframe and near the daily MA120. There will likely be a decent "dead cat bounce" rebound here.

🚀Warning!!!!: If $65,000 closes below in a solid candle, you must exit unconditionally. Abyss below.

Trading Suggestions: In this gradual downtrend, the biggest mistake is repeatedly buying the dip. Wait for a volume spike, wicked candle with long lower shadow before considering entry. Are you currently in cash waiting or caught in a position? Drop your entry price in the comments and I'll help you review! 👇