Bitcoin Market Analysis: Focus on Key Reversal Zones

Figure 1: The market has been oscillating for over two months. Currently, the price is in a retracement on the 12-hour timeframe, undergoing sideways consolidation at a low level. Once Bitcoin effectively breaks below 65,000, attention should be paid to the completion of the downtrend in the 48,000-40,000 range. Therefore, at this small timeframe, avoid reckless trading as the market is in consolidation, especially for those with expectations or stubbornness about the trend.
Figure 2: The market is now oscillating within a range. Currently, the price is at the bottom, with four minor lows and two highs at the top. However, from a bearish perspective, there are still 3-4-12 hour timeframe bearish structures that have not yet adjusted. If the price rebounds and breaks above 67,463, be cautious of a false breakout. The key levels to watch are the breakdown of the small-range support at 65,000 and the breakdown of 66,800. Bulls should focus on a potential breakout after a period of accumulation and consolidation above 67,463. Remember, avoid chaos in small timeframe operations; the real opportunity lies in the larger trend. #比特币 $BTC