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Bitcoin's price has exploded this month, igniting the market. Although there was a short-term rally, after several days of correction and adjustment, the price has fallen back, continuing to hit new lows in a bear market. Coupled with geopolitical influences, if the conflict intensifies, the probability of BTC dropping further increases, potentially reaching even larger levels.
On the daily chart, the candlestick pattern shows four consecutive bearish days after a rally, with the price falling to the midline and stabilizing below it. This indicates the price will continue to decline, and the MACD is beginning to shrink, with short-term support at 64,000. If this level breaks, then 48,000 could be within reach.
On the four-hour chart, the candlesticks are repeatedly testing the lower band. Although they haven't broken below it directly, it shows the price is still testing, indicating a bearish bias and weak liquidity. The current main trend is bearish, and rebounds are opportunities to short.
For Monday, the strategy could be to short in batches around the 67,000-67,400 range. The target is around 64,000, with a larger level at approximately 48,000.