2-6 Evening Analysis, Continuing to Maintain a Bullish Outlook

On Friday evening, Bitcoin broke below the 60,000 level in the early morning, dipped to 59,800, then rebounded to around 65,700. The overall bearish trend remains unchanged, and caution is advised for a potential second decline after a weak rebound.

From a technical perspective, Bitcoin's daily chart has effectively broken below the 62,000-65,000 support zone. The 7-day and 30-day moving averages have formed a death cross and are trending downward. The price is below all moving averages, forming a standard bearish alignment. The 4-hour Bollinger Bands are opening downward, with the rebound facing resistance at the middle band of 66,000, indicating a weak correction after a long bearish candle, with insufficient rebound momentum. The MACD remains below the zero line with a continuing death cross; the green bars are shortening but have not reversed, suggesting bearish momentum still has room to release.

Tonight's trading strategy: Bitcoin rebounded to the 66,500-67,000 range, shorting towards 65,000-63,000, with a break below targeting 60,000.
Altcoins: Bitcoin Cash rebounded to the 1,960-1,980 range, shorting towards 1,850-1,800, with a break below continuing to target 1,700.