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Bitcoin head-and-shoulders top confirmed breakdown, bearish trend not yet concluded.
Bitcoin recently broke through key support levels. Technically, the head-and-shoulders top pattern has confirmed a breakdown, meaning the uptrend structure since last year has been destroyed. From historical patterns, once such formations take shape, adjustment cycles often do not end in the short term.
From a market structure perspective, in the past 24 hours, over 200,000 liquidations occurred across the network, with the vast majority being leveraged long positions. This "longs killing longs" stampede sugge

Bitcoin broke below 67,500 this morning, currently trading around 68,000, down nearly 2% in 24 hours.
The key support at 69,000 has been broken, market structure clearly weakening
Funding rates across the board turned negative — short sellers are now paying longs "overnight fees"
Coinbase premium negative for 23 consecutive days, US institutions withdrawing
It's not about disbelieving the bull market, it's about this price level — a bearish cycle has already formed. $BTC ‌$ETH ‌#加密行情震荡

Bitcoin experienced a second bottom test following the "rally and pullback" of the previous two days, briefly breaking below 67500 intraday, triggering massive leverage liquidations. Bitcoin's buying pressure ultimately couldn't withstand the macro chill, with the loss of the 70000 level signaling that the rebound was just a flash in the pan. Delayed rate-cut expectations and tightening liquidity mean the sharp decline over the past two days is only the beginning of high-level distribution, with the true bottom still ahead. Yesterday, relying on the 4-hour-level top divergence structure and su

Reviewing yesterday's BTC price action, the market maintained an overall oscillating rebound pattern with bulls and bears locked in a stalemate. The morning pullback released some selling pressure, while the end-of-day rally showed decent support from below, though subsequent volume may not sustain once upper resistance levels are approached. Overall, the market remains within a rebound channel, but volume has not expanded effectively, indicating cautious investor sentiment. Yesterday's bearish strategy provided precise entry at the market inflection point. As BTC price came under pressure in

Bitcoin rebounded and oscillated following yesterday's decline, showing slight gains compared to yesterday. Evening selling pressure emerged, significantly eroding previous rebound gains. We precisely set up a short position midday at high levels, and evening short momentum released profits on a 1000-point stop gain.
From a technical perspective, the daily timeframe remains in a bearish alignment, with rebounds lacking sustainability. The 72,600 level above constitutes strong resistance, making it prone to falls and difficult to rally in the short term. Current market sentiment is notably supp

Correct direction, every step is a dividend; strategy realization, every move is a harvest. The "head and shoulders top" pattern is forming, and from a technical perspective, the "head and shoulders top" on the 8-hour chart is nearing completion, with a target of 69,000. Once it breaks below, the second target is set at 65,000. From a macro perspective, the Federal Reserve remains hawkish, oil prices are approaching 120, and expectations of rate cuts have disappeared, putting pressure on risk assets. Looking at leverage, short contracts amount to 1.93 billion, while long contracts are 711 mill

A turnover at 70,000 is called panic, while a turnover at 60,000 is called a historic bottom. The only difference is whether you're still in the position or not.

Good news exhausted often becomes bad news. On-chain data shows whales continuously depositing coins to exchanges, and Federal Reserve rate cut expectations are further delayed. Without fresh capital inflows, I won't choose to go long at this position; I'll deploy short positions on the right side. Short-term trading is complex, manage risk well, and staying alive is most important. $BTC ‌$ETH ‌

Reviewing yesterday's Bitcoin price action, affected by the US stock market decline and hawkish rhetoric, the price fell throughout the day after opening. It broke through the critical 70,000 level at midday, causing panic and dropping to a low of 68,796 for the day. Before closing, there was a slight rebound, which barely recovered above the 70,000 mark. We deployed short positions at multiple intervals during different waves yesterday, and subsequently took profits in batches, securing around 1,200 points safely.
Looking at the current price action first from the moving averages: the hourly

The short target set this morning has been successfully reached. I’ve said it before—combining the daily top divergence with whale movements, this position is like catching a falling knife with bare hands, exciting but regretful afterward. In this market, only those who can calmly add to their positions during sharp declines deserve to enjoy the view from the summit. $BTC ‌$ETH ‌

As of midday, BTC is trading around 70900, with weak buying pressure in the market continuing to show bearish sentiment. $BTC ‌$ETH ‌

Bitcoin's price rose continuously but encountered resistance yesterday before the Federal Reserve's interest rate decision announcement, beginning to top out and decline. Following the Fed's decision in the early hours today, market sentiment shifted. While the meeting indicated rates would remain unchanged, Fed Chair Powell's remarks leaned "hawkish," cooling market expectations for rate cuts. We began positioning for shorts after 2 AM, and our short positions have already taken profits at 1,300 points.
As of now, the short-term trend structure has shifted. From the daily chart perspective, B

Current market conditions, summarized in three words: awaiting the wind.
For short-term traders, this is no time to be complacent. The market broadly expects the Federal Reserve to keep rates unchanged, but the real focus lies in the subsequent release of the dot plot. Tonight's Fed decision is the biggest variable. That midday rally where we went long—we took profits strategically and secured gains, capitalizing on the certainty the market handed us to exit.
For tonight's broader market, we'll patiently wait and observe. If you still hold long positions, watch your stop losses. Maintain strat

The market hasn't been very volatile lately. I reviewed the recent trends, and from a macro perspective, I'm still bullish. Bitcoin's price has touched bottom last month and has been oscillating upward, gradually warming up. Correspondingly, the recent consolidation in my view looks more like accumulation before a breakout.
Zooming out and looking at it from a historical perspective, reduced volume consolidation before important resistance levels often serves to digest trapped positions and wash out uncommitted chips. Once there's an effective breakout, the subsequent price action tends to be

Reviewing Bitcoin's price action, after surging higher yesterday followed by a pullback, it has remained in a high-level consolidation phase, oscillating repeatedly around the 74,000 level. The long positions we established yesterday afternoon took profits after a minor rally, capturing only around 800 points. Primarily after the US market open, as price action started moving downward, we began preparing to take profits.
Current market sentiment is relatively stable, with everyone awaiting Federal Reserve policy expectations. However, from on-chain data, buying pressure is returning. From the