Monday Morning Bitcoin Analysis: Follow the Trend, Continue Bearish Bias

A new week begins. First, wishing all traders smooth trading and clear momentum. Although the weekend market overall pace was sluggish, there remained decent operational opportunities within the range. Short-term oscillations in the high-short and low-long zones could still steadily accumulate profits.

From the current trend perspective, the bears still maintain dominance. Yesterday's market continued declining with oscillations, touching a low near 67300 before a minor rebound. Currently trading around 68000 in consolidation, still in an overall weak structure.

On the 4-hour level, the Bollinger Bands continue opening downward, price runs along the downtrend channel, the moving average system displays a bearish alignment, and the trend direction clearly leans bearish. On the hourly level, following previous resistance near 71000, there have been consecutive pullbacks. Bearish candles dominate the pace, short-term rebound momentum is clearly insufficient, and bearish pressure remains obvious.

Recommendation: Monitor the 68300-68800 zone to layer into short positions in batches, with target downside around 66000.
$BTC ‌#Gate13周年全球庆典