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From the 15-minute candlestick structure, Bitcoin has been on a unilateral decline from the high of 71,748, with occasional small bullish rebounds. However, each rebound is quickly suppressed by the bears. This pattern is a typical rebound that fails to surpass the previous high and makes new lows, with the moving average system fully aligned in a bearish configuration.
The current price has approached the key low of 69,184. Once it effectively breaks below this level, the downside space will be fully opened, with the bearish target directly aiming at the 68,000 integer level or even lower. In the face of the trend, any contrarian bottom-fishing becomes particularly risky.
Trading suggestion: Short around 70,000-70,800, targeting 68,000-67,200#$BTC #$GT #$OPUL