Reviewing the afternoon market, Bitcoin faced resistance at around 68,900 and pulled back. The bears increased selling volume in two consecutive waves, initially dropping to around 68,100 for a brief sideways consolidation. Then, the bears regained momentum, with the price hitting a low of approximately 66,100, resulting in an overall correction of about 2,000 points. Currently, the price has slightly rebounded, trading around 66,600.

From a structural perspective, although this correction is quite significant, it is more of a deep shakeout within the bullish trend rather than a trend reversal. The 66,000 level, which was a previous area of high trading density and an important support for the bulls, quickly recovered after dropping to 66,100, indicating strong support in this zone. Additionally, after two downward waves, the decline rate has noticeably slowed, with longer lower shadows appearing on the hourly candlesticks, signaling a potential bottoming. The bearish momentum is gradually weakening; short-term indicators like RSI have turned upward from oversold territory, and the MACD fast and slow lines are about to form a golden cross below the zero line, suggesting a technical rebound is building.

Currently, the price has stabilized above 66,600. If it can further reclaim the 67,000 level, the short-term structure will turn bullish again. Resistance levels to watch are around 67,500 and 68,200. In terms of trading strategy, consider using the 66,000–66,300 zone as a support area, and look for rebound opportunities after the price stabilizes at low levels. Bull markets often experience sharp declines, followed by rapid recoveries. This is a critical moment to test patience and rhythm. #成长值抽奖赢金条 $BTC