《Three-Dimensional Trading System | BTC Evening Market Analysis (3/3): Structural Pattern and Core Judgment》 The previously mentioned head and shoulders reversal structure on the daily chart has now been perfectly validated! Will it continue to fall and test the bottom? BTC has broken below the key support of the 200-day moving average and also broken below the psychological level of 69,000. The 67,700 level below is the 200-week moving average, a solid cost base for long-term holders, and also the most likely stop-loss level for this round of decline. Further down, 62K-63K is a deep panic zone, but this will only be triggered if the AI bubble truly bursts. International Situation: Trump said "no deal with Iran is needed," causing oil prices to surge. Brent rose 3.3% to $95.82, and WTI rose 2.55% to $88.74. The Houthi attack on Saudi Aramco and the tanker explosion in the Strait of Hormuz escalate geopolitical risks. Inflationary pressures are rising again, and expectations for a December rate hike are strengthening. The Nasdaq fell 0.39%, Nvidia fell over 4%, and tech stocks continued to drag down BTC. Key Analysis: ETFs have seen losses for nine consecutive days, with whales transferring coins to exchanges, resulting in a $1.2 billion wipeout for leveraged long positions. After breaking below 69,000, a rebound is possible, but its extent will be limited. Short-term (1-3 days): 67,568-71,200 consolidation (40%). Extreme fear at level 20, today's long lower shadow, and two consecutive positive candles suggest a potential oversold rebound, but the rebound is expected to be limited to 71,200-73,000. Medium-term (1-2 weeks): 65K-72K wide range consolidation (40%); a break below 67,568 would target 65K→62K-63K (35%). Six layers of resistance remain unresolved, hindering any rebound. The long-term bull market is not over (the 58K level has not been broken), but the 200-week moving average is the final solid support. Unless you are prepared for long-term investment, please be cautious about buying BTC at the current price.