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🦅 Fish Nightly Urgent Report (God’s Key Fails): The 70,000 Battle of Attrition ended in a brutal defeat! Bitcoin plummeted two thousand points, breaking below 68k, is this “a hard-to-buy back for a thousand gold” or an “epic double top诱多”? #BTC $BTC
In-depth review of the latest situation (bloodbath chasing high):
Rally then pullback (Fakeout & Rejection): Brothers, Fish’s warning yesterday proved true! Early yesterday morning at 69,800, the entire network was flooded with FOMO, countless people blindly chased longs beyond 70,000. What was the result? The main force precisely pulled the trigger just before the 70,000 psychological level, with massive profit-taking and short-sellers attacking simultaneously. From 69.8k to the current 67,652, over two thousand points have been wiped out, and retail traders who chased the high are now all wiped out.
Top-bottom reversal broken: Last night we said 68,000 is the “iron bottom” that must be defended during a correction. But after tonight’s US market opened, the bears took advantage and aggressively pushed down, breaking through the strategic support at 68k. The current price of 67,652 indicates that the short-term short squeeze rally trend has been broken, and the market has entered an extremely dangerous “wide-range震荡洗盘期” (volatility shakeout period).
Bull-bear rebalancing: This round of selling not only cleansed high-leverage longs but also re-established the absolute pressure of 70,000. In the next 24 hours, the main force will look for genuine support below. The suspense now is: can the 66,500 zone below hold against this massive selling pressure?
1. Support and Resistance Levels (Fish Nightly Precise Calculation Edition)
🟢 Short-term support (1-3 days, blind zone for quick knife)
67,000: Immediate support. The first psychological defense line during Bitcoin’s sharp decline, currently teetering on the edge of this cliff. Once broken effectively, panic sentiment will double.
66,000: Strong support (critical neckline). The absolute last line of defense! This is the high ground we fought hard to regain last week. As long as it holds, the larger bullish structure remains intact.
65,500: Stop-loss zone. If tonight’s US market experiences a chain of liquidations, the needle may seek liquidity here.
🔵 Mid-term support (1-2 weeks, swing)
63,600: Previous low and strong support. The “golden pit” consensus across the network.
60,000: Century bottom. The macro bull-bear dividing line.
58,000: Deep bear relay bottom.
🔴 Short-term resistance (1-3 days)
68,000: Immediate resistance (top-bottom reversal). The nightmare for bulls! The recently broken support now becomes the thickest steel plate overhead. Any rebound tonight that cannot reach here is considered weak resistance.
69,000: Strong resistance. During this 70k plunge, a large amount of left-side funds attempting to bottom-fish yesterday got trapped here.
69,800: Core resistance (God’s Key Zenith). A high point that is extremely difficult to reach again in the short term.
🟠 Mid-term resistance (1-2 weeks)
71,200: Resistance zone dense with previous unilateral market.
73,800: Super pressure zone near the all-time high.
75,000: The new macro journey’s major target.