Bitcoin afternoon market trend analysis: Currently, the bearish forces are very strong, having already broken below the 70,000 support level. The short-term trend for the day has officially turned weak, with further downside potential opening up, probing the 69,000 level or even lower positions. The bearish trend is still continuing to expand, as the possibility of a volume contraction has emerged. The market has reached a critical position for the bull-bear battle. Until it rises to 72,500, we will maintain a bearish view while waiting for a corrective rebound. Brothers, pay attention to position control.
Without further ado, here’s the strategy: Short Bitcoin around 70,800, targeting near 69,000!
Interview short around 2195, targeting around 21,000.