Resistance Confirmation: The price rebounded near 68k but faced resistance again, and a "death cross" appeared on the three-day chart (50-period moving average crossing below the 200-period moving average). This is the first time since 2022, reinforcing the upward selling pressure. Key Resistance: The 4-hour chart shows that $70,000-$70,500 is a strong resistance zone. Meanwhile, the short-term moving average (20-day EMA) is currently at $68,328, forming a joint resistance with the 68k level. Support Shift: The short-term support below has moved down from yesterday’s 66.8k to around $66,500. If broken, it is likely to accelerate testing the strong support zone at $63,000-$64,000.
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BTC
Resistance Confirmation: The price rebounded near 68k but faced resistance again, and a "death cross" appeared on the three-day chart (50-period moving average crossing below the 200-period moving average). This is the first time since 2022, reinforcing the upward selling pressure.
Key Resistance: The 4-hour chart shows that $70,000-$70,500 is a strong resistance zone. Meanwhile, the short-term moving average (20-day EMA) is currently at $68,328, forming a joint resistance with the 68k level.
Support Shift: The short-term support below has moved down from yesterday’s 66.8k to around $66,500. If broken, it is likely to accelerate testing the strong support zone at $63,000-$64,000.