BTC reached a high of 66,310 this morning and is currently undergoing a correction. Today's market is very critical; on a larger scale, there is no doubt that BTC is still in a downtrend. I see many brothers in the market questioning this view, and I can understand why. After falling all the way from 126,000, everyone hopes the decline is over and a V-shaped rebound will begin. However, in trading, we must respect the objective facts and avoid fantasies.

Currently, on the four-hour chart, the price is under pressure at the middle band of the Bollinger Bands. On the one-hour chart, the market has formed a tombstone line near 66,310 during the correction. Watch the 64,700 level below; if the four-hour candlestick closes below this line, it increases the likelihood of breaking below 62,500. My personal view for the day remains bearish.

BTC: Short at 65,400, target 63,400, stop loss 1,000 points #BTC #ETH