BTC Market Analysis:

Yesterday, Bitcoin suddenly dropped by about 5%, breaking through the mid-term upward trend line. Due to the reverse order of the moving averages, the bearish trend has been gaining strength. There was also a large long shadow line on the 4-hour chart. If there is not enough rebound in the near future, we still maintain a bearish view in the short term.

Today is the weekend, and the market may consolidate sideways. Therefore, the range of the box will be around 66760 to 67630, and we can refer to this range for high selling and low buying.

The intraday resistance levels can be referred to as 67630 and 68200. If there is a rebound in the intraday market, we can consider setting up short positions near the first resistance level of 67630. Considering the previous sharp decline, we can look for resistance levels in the intraday short-term trading and maintain a short-term bearish view.

The intraday support levels can be referred to as 66760 and 66230. The first support level on the 4-hour chart is a short-term support and is also the low point near the body of the large long shadow line formed yesterday. If this price is broken again, I think it may further test around 66000.

4.13 Shiyechen's Short-term Pending Orders:

BTC:

First entry reference for long positions: 66230, second entry reference 66760, target 67630-68200

First entry reference for short positions: 67630, second entry reference 68200, target 66760-66000

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