This month, Bitcoin's price has exploded in the market. Although there was a short-term rise, after a few days of repair and adjustment, the price fell back and continued to refresh the bear market. Additionally, due to the influence of geopolitics, if the conflict escalates, the probability of BTC declining increases, which may lead to a larger-scale scenario.

Looking at the daily chart, the candlesticks formed four consecutive bearish lines after reaching a high, with the price dropping to the middle band and stabilizing below it. It is evident that the price will continue to decline, and the MACD is starting to contract. The short-term support level is 64000; if this breaks down, a drop to 48000 is likely.

On the four-hour chart, the short-term candlesticks are constantly testing the lower band. Although they have not broken down directly, it is clear that the price is persistently testing, indicating a bearish sentiment, and the liquidity of the price is relatively weak. The bears are the main trend now, and any rebounds should be viewed as opportunities to short.

For Monday's strategy, consider shorting in batches in the 67000-67400 range. The target is the 64000 level, while on a larger scale, watch for around 48000.

Follow the public account, "How to Resolve Worries, Only Jiang Wei," a treasure analysis blogger with emotional value, free trading education sharing, providing stable force and clear guidance in the restless trading market. After traversing three bullish and bearish cycles and years of trading experience, specializing in bare K, trends, Dow theory, Gann, harmonic, Chan theory, wave theory, and other technical analyses, aggregating into unique insights.

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