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Big Bitcoin Evening Analysis
The 1-hour chart shows that Bitcoin price has broken below the MA7 short-term moving average, with short-term bullish momentum weakening across the board. Selling pressure is gradually dominating the market, forming a clear bearish trend signal.
Since the pullback from the high, all rebounds have lacked volume support, with each bounce being suppressed by the moving averages—a typical weak rebound pattern. The probability of continued downward movement is extremely high.
Currently, the short-term range is gradually narrowing. 73342.6 is a key support zone. If this level breaks on volume, the downside space will open up quickly. The primary target below is the previous low at 72891.3. Once breached, a further downtrend is confirmed.
Trading Recommendations
Short from 74300-74800, targeting 72500-73000#加密市场上涨 $BTC