Bitcoin Evening Analysis

The 1-hour cycle shows that Bitcoin price has broken below the MA7 short-term moving average, with short-term bullish momentum weakening across the board. Selling pressure is gradually dominating the market, forming a clear bearish trend signal.

Since the decline from the high, the rebound has lacked volume support throughout. Each bounce has been suppressed by the moving average, displaying a typical weak rebound pattern with a high probability of continued downside.

Currently, the short-term range is gradually narrowing. 73342.6 is a key support area. If there is a volume break below this level, the downside space will open quickly, with the primary target looking toward the previous low of 72891.3. Further downside exploration will be confirmed after a break of this level.

Operation Suggestions

Short from 74300-74800, target looking toward 72500-73000#加密市场上涨 $BTC