Crypto Circle Academician: Bitcoin's daily line bearish momentum has not diminished at 4.3, making reversal difficult in the short term; risk control priority is the core! Latest market analysis

　　The current price of Bitcoin is 66600. The market trend in recent days has made many crypto friends both love and hate it. Initially bouncing back from a low point of 59800, it reached a peak of 68639, leading many to chase and enter the market, resulting in a direct drop of 1.92% yesterday, trapping all who chased. The current price is oscillating around 66777, with both bulls and bears building strength, combined with the uncertainty of tonight's non-farm data. Whether it continues to drop or rebounds and reverses has become the market focus. For retail investors, instead of guessing tops and bottoms, it is better to understand the key signals on the technical side, find good entry and stop-loss positions, and effectively control risks; this is what should be done now.

　　The daily K-line moving average system shows a typical downward arrangement, with MA20, MA30, and MA60 all trending downwards. The price is operating below the moving averages, with strong resistance against rebounds. The MACD indicator shows a dead cross below the zero axis with the DIF and DEA, and green bars continue to increase, indicating that the downward momentum has not diminished. The Bollinger Bands are opening downward, and prices are near the lower band, with strong support at the historical low of 59800 and resistance at the Fibonacci strong pressure level of 74011 above. The overall daily level is in a weak downward pattern, making significant rebounds difficult in the short term.

　　After rebounding to 68639, the price has faced pressure and retraced on the 4-hour chart. The MA20 and MA30 moving averages have turned downwards, forming short-term resistance. The MACD indicator’s red bars are rapidly shortening, with the DIF and DEA about to dead cross, leading to a quick depletion of upward momentum while downward now dominates the market. The middle track of the Bollinger Bands has turned downwards, and the price has tested the lower track support at 65821 after breaking the middle track, with resistance above at the upper track of 69083 and the previous high of 75998. The 4-hour level is in a retracement phase after the end of a rebound, with a short-term bearish trend. Attention should be given to the integer level of 66000 below; if it breaks, it will explore the range of 65000-64000.

　　Short-term trading strategy reference: Follow the major cycle trend, with small stop-losses and quick entries and exits.

　　Go long from 65800 to 66000, with a stop-loss at 65500, and target 67500 to 68000; if it breaks, look at 68600.

　　Go short from 67500 to 68000, with a stop-loss at 68500, and target 66000 to 65800; if it breaks, look at 65000.

　　In the crypto circle, the early bird gets the meat, the latecomer gets the soup, and the oblivious takes the loss.

　　Specific operations should be based on real-time market data. For more information, please consult the author. There may be delays in article publication; this is for reference only, and risks are borne by the reader.

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