4.2 | BTC key resistance confirmed, 66,000 determines short-term direction

Today, Bitcoin faced resistance around 69,200 and pulled back. The high-level resistance has been effectively confirmed, and the short-term bullish momentum has significantly weakened, with the market entering a oscillating downward trend. From the volume perspective, during the rebound, funds are not following in sufficiently, and market sentiment is cautious. It is unlikely to break through the resistance strongly in the short term.

Next, the key support level for bulls and bears focuses on the 66,000 mark:
If the price retraces to this level and stabilizes without breaking below, small positions can attempt to go long, with the rebound target first aiming for around 70,300; if the price effectively breaks below 66,000, the bearish trend will further continue, with the next target down at 62,800.

Overall macro sentiment remains cautious, market volatility has increased, and trading should be strictly based on key support and resistance levels. Practice proper stop-loss and take-profit strategies, keep positions light for risk control, and avoid over-committing in battles.