📉 2026-02-23 BTC Technical Overview (Short-term)

Current Price: approximately 64,700 USDT (nearly a 5% drop intraday)

I. Key Price Levels (Core)

- Resistance Levels: 66,000 → 67,000 → 69,000
- Support Levels: 65,000 (broken) → 64,000 → 62,500 → 60,000

II. Technical Patterns and Signals

- 4-hour timeframe: clearly weakening, 67,000 shifts from support to strong resistance
- Daily timeframe: broke below key support, bearish dominance, downward trend
- Volume: increasing during decline, decreasing during rebound, selling pressure evident
- Sentiment: Fear & Greed Index at 6 (Extreme Fear), market pessimistic

III. Short-term Strategies (For Reference Only, Not Investment Advice)

1. Primarily Shorting (Higher Win Rate)

- Entry: Rebound to 66,000–67,000 with resistance, short
- Stop Loss: Above 67,500
- Take Profit: First target 64,000; second target 62,500–60,000

2. Oversold Rebound (Quick In and Out)

- Entry: Stabilize above 65,000 and show signs of stopping decline, go long at 64,800–65,200
- Stop Loss: Below 64,000
- Take Profit: 66,500–67,000 (Don’t hold onto the trade too long)

IV. Trading Discipline (Must Read)

- No bottom fishing, no heavy positions, no holding through large swings
- If broken below 64,000, go short; do not go long against the trend
- Strictly set stop losses, quick in and out during swings