BTC Market Analysis: A Pin Drop After a Downtrend is Expected, Around 65,000 Remains a Good Opportunity to Buy

Over the weekend, BTC prices continued to decline, consistent with expectations. After forming a descending wedge, the price broke below the previous low again, with the lowest touching around 65,500, just about 500 points away from my planned entry to go long.

From a short-term perspective, although there is a demand for a rebound, the strength is limited as no clear sign of a trend reversal has appeared. In the near term, a further downward pin drop is highly likely. I still plan to enter around 65,000 to go long, which will be followed by a strong rebound. The overall strategy remains unchanged: whenever a pin drop occurs, it’s a good opportunity to set up long positions! #国际油价突破100美元