After the release of the non-farm payroll data, the market trend was completely in line with expectations, experiencing a wave of decline. At that time, all of Zhongling's orders were firmly bearish, with the target of 68,500 successfully taking profit! Afterwards, I continued to suggest looking at 65,000; the trend of Bitcoin has recently fallen close to the target, accumulating a profit of 3,500 points!

Friends who follow Zhongling know that I have been firmly bearish since the beginning of the year and have never changed my stance. From last week, Bitcoin experienced a false breakout from 74,000 and then continued to decline, reaching the targets of 68,500 and 65,000 respectively, with an overall drop of nearly 9,000 points! This is completely in line with my prediction. So now, there's no need to rush into a rebound; since 74,000 has been confirmed as a false breakout, that position is a short-term top, and breaking through it will be extremely difficult in the future. Therefore, the upcoming market is most likely to fluctuate within a range and trend downward.

To be more detailed, currently, Bitcoin's key support zone is between 65,000 and 67,000. From a technical perspective, there is a rebound demand at this level. If it can rebound to the 68,000-70,000 range, I believe it is still a good opportunity to establish short positions. After all, the overall trend remains bearish, and the final target will most likely fall below 62,000. However, this process will not happen overnight. Before reaching 62,000, multiple rebounds are expected, so everyone must stay alert to this.