68,232, down 4.17% in 24h, a smooth decline from 71,253.


15-minute chart:
· Price 68,232, 7-day moving average 68,189, 25-day moving average 68,204, 99-day moving average 69,353
· The 7-day and 25-day moving averages are almost glued together, with the price oscillating between these two lines — a typical moving average convergence, indicating a short-term decision point
· The 99-day moving average at 69,353 is acting as resistance above, and the previous low at 67,712 is support below
· Trading volume has shrunk significantly, with both bulls and bears waiting
1-hour chart:
· 7-day moving average 68,188, 25-day moving average 68,203, similar to the 15-minute chart, also in a convergence state
· The 99-day moving average at 69,352 is pressing down, consistent with the 15-minute chart
· Overall still a bearish arrangement, but the downward momentum is slowing
· Breakout upward: stabilize above 68,300, consider light long positions, target 68,500-68,800, stop loss below 68,100
· Break downward: break below 68,100 with increased volume, consider short positions, target 67,800-67,500, stop loss above 68,300
· The safest approach: current moving averages are converging and volume is shrinking, indicating a potential trend reversal night. Wait for the direction to be clear — go long if upward, go short if downward, avoid betting in the middle.
BTC-4,54%
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