Today's View:
1. BTC's performance on Monday has been relatively weak. The 4-hour resistance zone mentioned for the attempted push-up—65500-65800—was rejected, followed by a pullback. On the 4-hour chart, there have been two shooting star formations, and a short-selling pattern at the top has begun to take shape;
2. Today, the key focus is whether BTC can hold the short-term support area of 63000-63500. If it can hold, then any rebound that fails to break above 66000 can be shorted;
3. If BTC is unable to reclaim above 65000 today, the daily-chart top structure will be confirmed, the daily-level pullback will begin, and going forward, shorts on rallies are favored.
Note: The biggest variable this week is the Federal Reserve's interest rate decision meeting. Also closely monitor the continued outflows in Bitcoin ETF fund flows. In addition, the Iran-Iraq conflict escalation also needs close attention.
1. BTC's performance on Monday has been relatively weak. The 4-hour resistance zone mentioned for the attempted push-up—65500-65800—was rejected, followed by a pullback. On the 4-hour chart, there have been two shooting star formations, and a short-selling pattern at the top has begun to take shape;
2. Today, the key focus is whether BTC can hold the short-term support area of 63000-63500. If it can hold, then any rebound that fails to break above 66000 can be shorted;
3. If BTC is unable to reclaim above 65000 today, the daily-chart top structure will be confirmed, the daily-level pullback will begin, and going forward, shorts on rallies are favored.
Note: The biggest variable this week is the Federal Reserve's interest rate decision meeting. Also closely monitor the continued outflows in Bitcoin ETF fund flows. In addition, the Iran-Iraq conflict escalation also needs close attention.