In the morning, Bitcoin showed a typical bullish trap pattern, quickly retreating after a short-term surge above the 66,000 level, with a daily decline of over 2,500 points. Early trading saw all long positions being trapped. After pushing higher to induce buying, the main force reversed and dumped, causing market sentiment to shift rapidly from euphoria to caution.
From a technical perspective, the four-hour BTC candlestick closed with a long upper shadow, indicating a strong resistance zone around 66,000, with significant selling pressure above; the short-term MACD formed a death cross and diverged downward, while the RSI indicator retreated to a weak zone, with bearish momentum temporarily dominating. Consider short positions around 64,800-65,300, targeting 62,000-62,500. For altcoins, consider short positions around 1,900-1,930, targeting 1,750-1,780.
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Evening Analysis
In the morning, Bitcoin showed a typical bullish trap pattern, quickly retreating after a short-term surge above the 66,000 level, with a daily decline of over 2,500 points. Early trading saw all long positions being trapped. After pushing higher to induce buying, the main force reversed and dumped, causing market sentiment to shift rapidly from euphoria to caution.
From a technical perspective, the four-hour BTC candlestick closed with a long upper shadow, indicating a strong resistance zone around 66,000, with significant selling pressure above; the short-term MACD formed a death cross and diverged downward, while the RSI indicator retreated to a weak zone, with bearish momentum temporarily dominating.
Consider short positions around 64,800-65,300, targeting 62,000-62,500.
For altcoins, consider short positions around 1,900-1,930, targeting 1,750-1,780.