$BTC Bitcoin Market Deep Dive: 68,000 Bears the Victory


1. Market Review
First Wave: 68,000 level faced resistance, sharply declined southward, took profit at 66,600, capturing 1,400 points of profit
Second Wave: 68,377 secondary surge, re-entered short position at 68,000, aligned with the medium-term downtrend, continued to profit
2. Core Technical Logic
Four-hour timeframe: in a weak oscillation within a descending channel, lack of rebound strength, volume severely lacking
Moving Average System: MA20/MA30/MA60 all trending downward and diverging, price consistently under pressure below MA30
Indicator Signals: MACD lacks momentum, Bollinger Bands are narrowing, a rebound to the middle band signals a good shorting opportunity
3. Future Trading Strategy
Above 67,500-68,000, short with stop loss at 68,500, target 66,500-66,000, if broken, watch for 65,000
Below 66,000-65,400, light long positions trying north, stop loss at 64,800, target 67,000-68,000
The essence of trading is to follow the trend and execute strictly. ‌#鲍威尔鸽派发言重燃降息预期
BTC1,97%
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