BTC 4-Hour Market Observation:

From the 4-hour candlestick chart, the market has just experienced a rapid decline from the high of 69,288, with a low around 65,661. It then found support at the 66,000 level, initiating a consolidation and correction phase.
Currently, the market is in a "bottoming and repairing after a decline" phase, with bulls and bears waiting for a clear direction:
• Key support below: 65,600-66,000 zone, which is the low point of this correction. As long as it is not effectively broken, the sideways upward pattern remains intact;
• Core resistance above: 67,500-68,000 zone. A breakout here would confirm a rebound trend and further challenge the previous high of 69,000;
• Extreme risk level: 64,900. Falling below this indicates the start of a new downtrend.
For traders, this is a typical "buy low, sell high" window: short-term traders can try light positions around 66,000-66,200, with stop-loss at 65,500, targeting 67,200-67,500; if the price volume breaks through 67,500, they can add positions with targets of 68,500-69,000. Bears should wait for a rebound to the 67,500-68,000 resistance zone before considering short positions, with a stop-loss above 68,200.
Overall, after a rapid shakeout, market sentiment is gradually warming up. The probability of a short-term rebound is increasing, but the medium-term trend still requires confirmation from moving averages turning upward and MACD golden cross. In the high-volatility environment of the crypto market, controlling position size and strict stop-losses are always the top priority!