【Market Morning Report: Support Turns Resistance, BTC Enters $67,000 Defense Battle!】

Technical Analysis: BTC has officially broken below the previous consolidation box bottom on the 1-hour level, touching around $67,317. Currently, the Alligator three lines are diverging downward, showing a standard bearish alignment. MACD shows signs of bottom divergence, but the green bar momentum is extremely weak.

News: The market is still digesting the "hawkish hangover" from the 3/18 FOMC meeting. Although SEC/CFTC gave 16 tokens the designation of "digital commodities," it's too little too late. Short-term liquidity is suppressed by inflation expectations brought on by the Middle East energy crisis, and institutions appear very cautious after the killing below $75,000.

Trading Direction: High selling low buying, abandon bullish for bearish
Bearish pending orders: $69,200 - $69,500
Rationale: It's a "double resistance zone" of the 0.236 level and previous support. If a retest fails to break here, it's an excellent second wave short entry.
Take Profit: Around $65,500
Bullish: Left-side ambush point: $65,500
Rationale: This is the weekly trendline support and also near the daily MA120, likely to see a decent "dead cat bounce" rebound.
Warning!!!: If $65,000 closes below on the actual price, must stop loss unconditionally. Deep abyss below.

Trading Suggestion: This type of yin decline situation is most taboo for repeated bottom-fishing. Wait for a volume-driven spike with a long lower wick before considering. Are you currently in empty positions waiting or trapped in a position? Comment your entry point and I'll help you analyze! #Gate13周年全球庆典