The panic index fell to 11, Huang Licheng suffered 4 strong draws in 1 hour, and the giant whale turned its back to long BTC

The panic in the cryptocurrency market continues to spread. AiCoin data shows that the Fear and Greed Index (FGI) has plummeted from 23 yesterday to 11, entering the 'extreme panic' range. According to on chain data, the mysterious whale "set 10 major targets first" and, after profiting about 3.3 million US dollars from short positions, today went long 281.789 BTC with 4x leverage, opening at a price of about 67800 US dollars, directly launching a $67000 defense battle. On the other hand, Huang Licheng continued to be under pressure. HyperInsight shows that its address has experienced 4 consecutive partial flat positions within 1 hour, but it still chooses to continue placing multiple ETH positions. Currently, it still holds about 600 ETH with 25 times leverage. Technically speaking, the 4-hour trend of BTC has weakened, and the price continues to run below EMA7, while MACD bears continue to increase volume. However, RSI has entered a severely oversold range, and there is a technical rebound demand in the short term. Short term focus: • Support area: 66000/65000 USDT • Pressure zone: 68000/69000 USDT If BTC rebounds to 66000-65000 and then increases its trading volume to stop the decline, it may be considered to take a light position and try to go long; If the rebound above 68000 is blocked again, the short-term trend will still lean towards the bearish opportunity on the right side. Risk Warning: The market fluctuates greatly, and this article is only for market information sharing and does not constitute any investment advice.