February 8th, 13:00 (UTC+8) BTC is currently quoted at **$69,550**, down slightly by about 0.6% over the past 24 hours, in a state of oscillation and recovery. After being oversold, a rebound window has opened but momentum remains weak. Liquidity over the weekend is relatively low.

1. Core Price Levels (Key Levels)

- Support: $67,000-$68,000 (Strong support, coinciding with the 200-week EMA / previous high); if broken, look down to **$65,000-$66,000**.
- Resistance: $71,000-$72,000 (Strong resistance, 50-hour EMA); if broken, target **$73,000-$74,000**.

2. Technical Highlights

- Trend: Daily chart shows a bearish arrangement, hourly chart is in oscillation and recovery, weekend volatility is low.
- Indicators: RSI≈32 (approaching oversold), bearish momentum weakening; MACD bearish divergence decreasing, no golden cross yet.
- Sentiment: Fear and Greed Index at 7 (Extreme Fear), inverse indicator suggests a short-term rebound window.

3. Trading Strategies (With Stop Loss and Take Profit)

1. Long Strategy: Buy on dip at **$67,500-$68,000** with light position; stop loss at **$66,800**; target **$71,000-$71,500**, if broken, look for **$72,000**.
2. Short Strategy: Short on rebound at **$71,500-$72,000** with light position; stop loss at **$72,500**; target **$69,000-$69,500**, if broken, look for **$67,500**.
3. Wait-and-See Strategy: Stay on the sidelines before reaching key levels, with position size ≤20%, to avoid weekend liquidity and false breakout risks.

4. Risks and Monitoring

- Risks: Regulatory changes, ETF fund flows, leverage liquidations, beware of false breakouts/fake breakdowns.
- Monitoring: Whether the weekly close remains above **$68,000**; BTC correlation with ETF net inflows.