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Bitcoin Afternoon Analysis:
Bitcoin has been declining from the high of 71,286, with consecutive bearish candles breaking below the MA7 moving average. The KDJ indicator is showing a death cross downward, and the bulls have completely lost their strength. The rebound is just an opportunity to short.
The situation in the US and Iran is becoming more intense, with oil tankers being bombed and oil exports facing blockades. The geopolitical tinderbox is ready to explode at any moment, causing capital to rush to exit. The selling pressure at high levels is simply uncontainable.
Previously, from 60,000 to 74,000, the rally was too strong, and the technical indicators can no longer support it. The next move will mainly be a correction, so don’t expect a new high.
Trading idea: Rebound to 70,000–70,600, with a target of 68,500–67,000. $SOL $GT