Crypto Circle Academician: Bitcoin price drops to 3.29! Don't catch the bottom! The downward trend is not over, latest market analysis and thought references

　　Current Bitcoin price is 66900, this wave of Bitcoin decrease has sent away a batch of high chasing warriors. Previously someone was sending me private messages saying that any price below 69000 is a golden pit, and in the afternoon I saw him asking if he could catch the bottom at 66000. Always chasing highs and selling lows, always slapping thighs. I had long ago said, convergence triangle end plus MACD death cross is a clear signal for downward movement, but unfortunately most people only look at the small rebound in front of them, unable to see the trend behind. Don't ask if you can catch the bottom anymore, the downward trend is leading now, the rebound is just giving you a chance to go down!

　　The downward trend in the daily K-line has not ended at all, since falling from 76000 all moving averages are pressing down, firmly keeping the price at a low level. The MACD green bars are a bit shorter, but they haven't turned red, indicating that the downward trend is still ongoing. Now the price is swaying around 66947, looking like it might rise, but in fact, it is gathering energy to fall. The upper level from 69000 to 70000 cannot break through at all; the key support is 65000 to 66000, once broken, it will head towards 59800, clearly indicating that the daily level is dictated by the downward trend.

　　After the four-hour K-line broke below 69000, the downward channel has completely opened. All short-term moving averages are turning downward, firmly suppressing the price; although there has been a rebound after the MACD death cross, the green bars have not turned red, indicating that the downward trend is still dominating the market with no sign of stopping the decline. The lower Bollinger band continues to open, with price fluctuating in the range of 66000 to 67000, and the rebound strength is extremely weak, merely providing better positions for the downward trend. The upper level from 67000 to 68000 is the defense position against downward movement, and the lower level from 65000 to 66000 is the first target,

　　Short-term thought reference: follow the major cycle trend, small stop loss, quick entry and exit

　　(Optional) gradually go north from the lower level 65000 to 66000, stop loss at 64800, target looks at 67000 to 68000 cautiously going north

　　From the upper level 67000 to 68000, go down, stop loss at 68500, target looks at 65000 to 66000, if broken look at 60000

　　The crypto circle has always been that those who are aware first eat meat, those who are late to realize drink soup, and those who are unaware take over.

　　Specific operations should primarily rely on real-time market data. For more information, you can consult the author; the release of articles has a delay, advice is for reference only, risk is self-borne.

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