Pal BTC Daily Market Report — 6.4 Chart 1: Daily Chart 1) Nothing much to say, it’s really weak, not even a slight rebound. The support here has already been broken. From the daily structure perspective, 6W is bound to break—it’s just a matter of time. 2) Mentioned in the group yesterday, this BTC move is a case of 'drop first to show respect.' But the fact that there’s absolutely no rebound here is insane—way too weak. 3) Looking at the liquidation chart, most of the longs have basically been wiped out. Right now, BTC has become a one-sided market, and even the strongest batch of longs has been cleared. At this point, it’s all in the hands of the market makers. The question is whether they’ll push it straight down to the 5K range or create some panic-induced volatility to cultivate new longs. Chart 2: Hourly Chart 1) Right now, yesterday’s high is today’s ceiling. The 665 level is a bearish OB (order block). If there’s a rebound here, it’s likely to be rejected, so still leaning bearish. 2) At the moment, it’s just continuing to drop. First, break below 624, and then the next target is around 60.