Evening Analysis

Bitcoin broke below the 60,000 level in the morning, tested a low of 59,800, then rebounded to around 65,700. The overall bearish trend remains unchanged, and caution is advised for a potential second decline after the rebound loses momentum.
Technical Analysis: The daily chart shows a successful break below the key support zone of 62,000-65,000. The 7-day and 30-day moving averages have crossed downward, with prices under all moving averages, forming a standard bearish alignment. The 4-hour Bollinger Bands are opening downward, with the rebound facing resistance at the midline of 66,000, indicating a weak recovery after a long bearish candle, with significantly insufficient momentum. The MACD remains below the zero line with a continued death cross; the green histogram is shrinking but not yet turning upward, suggesting room for further bearish movement.
Trading Recommendations
Short positions around 67,300-68,000 with a target of 64,000-64,500
Short positions around 1,950-1,980 with a target of 1,780-1,810$BTC $ETH #Gate1月透明度报告