BTC Market Analysis
1D Cycle Analysis: Current Trend Observation: Rising momentum is gradually weakening, showing signs of a top divergence.
Strategy Layout: Once the key support at 68050 is lost and confirmed, a short position will be executed.
For the current situation, the short position target is set: the primary profit point TP1 is at the 66600 level, and the secondary target TP2 is in the 65200 area. This round of shorting aims to capture the pullback opportunity in the rising trend.
As for the timing of the pullback entry, it is essential to patiently wait for the price to stabilize in the aforementioned support zone and confirm a rebound before entering, to ensure a robust strategy.
