Bitcoin Evening Outlook

The downtrend has not ended. Repeatedly remind yourself not to blindly go long or try to catch the bottom against the trend.
Until there are clear signs of a bottoming out, do not subjectively speculate on the bottom. A sharp decline does not necessarily mean a rebound; often, the decline is just beginning.

After Bitcoin broke below the wedge pattern, two attempts at a rebound failed to return to the range. Subsequently, it lost the critical support levels at 68844 and 68141, creating new lows. Currently, it is testing around the previous low of 67300.
If 67300 is effectively broken, the previous bullish structure will be completely over, and the next support level to watch is 65971.

To stabilize and rebound, two conditions must be met:
1. The 67300 previous low holds or a false break below quickly recovers;
2. Reclaim the 68141–68844 range, then there is a chance to rebound and test the lower edge of the wedge at 69355, with further targets at 70058.
Otherwise, any upward movement should be viewed as a weak rebound within a downtrend.

Trading suggestions:
Hold onto short positions if you have them;
If no position, consider shorting in stages near 68961 during a rebound;
Or wait for a break below 67300 with a weak rebound to chase the short on the right side, with strict stop-loss.
#加密市场回调
#成长值抽奖赢金条