The early market experienced a typical "bull trap" pattern. Bitcoin briefly broke above $66,000 but quickly retreated, with the current price around $63,500. This nearly 2,500-point decline indicates that long positions entered in the morning have been trapped, representing a classic scenario of a sharp rise followed by a reversal to sell off. Market sentiment has shifted from euphoria to caution.

From a technical perspective, the four-hour candlestick shows a long upper shadow, forming a new supply zone around $66,000, confirming heavy selling pressure above. The short-term MACD has turned bearish, and the RSI has fallen into the weak zone, indicating that bearish momentum is taking over the market. The current price is testing the $63,500 support level; if it cannot hold, further declines to $63,000 or even $62,000 are possible. Until the price stabilizes above $64,500, the overall market remains more prone to falling than rising, and the rebound may face significant selling pressure.

Bitcoin strategy: Short around $63,500, target $62,500
Ethereum strategy: Short around $1,850, target $1,800#BTC能否重返7万美元？ $BTC