Today’s Bitcoin Public Outlook (Tuesday)

1. Core Judgment
The daily chart shows a short-term rebound weakness / resistance zone. Currently in a critical pressure area, forming a technical pattern suitable for shorting on rallies. The overall strategy is to take light positions at high levels and strictly set stop-losses, aiming for short-term pullbacks.
2. Technical Basis for Shorting
1. Daily Chart Structure:
◦ Price is near the upper boundary of recent range-bound consolidation, with clear selling pressure in the overhead resistance zone (around 67,500-68,000).
◦ MACD histogram is narrowing but has not shown a bullish crossover, RSI is neutral and sluggish, indicating insufficient rebound momentum.
2. 4-Hour Level:
◦ Signs of bearish divergence at high levels (price making new highs while momentum indicators lag), suggesting a short-term pullback.
◦ Bollinger Bands are tightening at the upper band, with consecutive long upper shadows on candles, indicating increasing selling pressure.
3. Volume and Pattern:
◦ Recent rebound volume is shrinking, indicating a no-volume rebound with limited overhead supply.
◦ Key support level (66,000) has not been effectively broken, opening room for a pullback.
Bitcoin: A pullback from 68,000 to 68,300 could lead to further decline
First target: around 66,800
Second target: 65,900 (cautiously)