Market Review
Bitcoin's short position continues to increase on the daily chart, and the overall price still has room to fall. In the short term, the high is suppressed at $66,100 and the bottom support is at $64,100, but this is not necessarily a signal to stop falling.
technical analysis
Daily chart
Trend: Short position volume continues to increase, and prices have room to further decline.
Key resistance: $66,100.
Support: $64,100 is not necessarily a signal of a bottom.
MACD: The fast and slow lines cross the zero axis and continue to decline, and the overall trend is still bearish.
Four-hour chart
Bollinger Bands: The price has re-entered the Bollinger Bands’ falling channel, and the wash-out trend is severe.
Short-term suppression: US$65,800.
Operation suggestion: short selling on rebound.
One-hour chart
Short-term breakthrough: The price experiences a certain short-term breakthrough.
Key resistance: $66,300.
MACD: Bearish trading is running with large volume, and the fast and slow lines form a golden cross at the bottom with large volume.
Recommendations
Daily level operation suggestions
Short on rebound: short around $66,100, stop loss at $66,500, target at $64,600.
Four-hour level operation suggestions
Short on rebound: short around $65,800, stop loss at $66,200, target at $64,500.
One-hour level operation suggestions
Short-term short selling: short selling around $66,300, stop loss at $66,700, target at $65,000.