Today’s Bitcoin Outlook (Wednesday)

1. Core Trend Analysis
Price is operating within a short-term high-pressure zone, with weak rebound momentum, and the daily chart shows a top resistance pattern. In the short term, it tends to oscillate at high levels and then decline. It is recommended to adopt a light short position strategy when the price rises, aiming to capitalize on technical pullbacks.
2. Key Technical Levels Analysis
1. Core Resistance Zone (Short/Take Profit Zone)
• Strong Resistance Zone: 68,200 - 68,600 USDT
This area is where intraday rebounds face resistance from moving averages, repeatedly encountering obstacles. It is a resistance turn point. It is advised to gradually build short positions in this zone.
• Extreme Resistance: 69,000
Psychological barrier. If the price unexpectedly breaks through and stabilizes above this level, the short-term bullish trend may reverse. Stop shorting immediately and observe.
2. Key Support Levels (Stop Loss/Pullback Reference)
• Short-term Support: 67,000 - 66,500
Intraday support zone, suitable for partial take-profit on short positions during pullbacks; if broken, downward momentum will accelerate.
• Strong Support Bottom Line: 66,000
A dense area of recent lows. A confirmed break below this level could open the downside space. Do not blindly bottom fish.
Bitcoin: Pullback to 68,000-68,500
First target: 67,500
Second target: 66,000