Long-term bearish! BTC heading straight to 62800!

BTC is currently hovering around 69000, don't be fooled by short-term rebounds, long-term bearish signals are at maximum!

Fed rate cut expectations have been cut, and there may even be rate hikes, tightening liquidity is certain;

From the chart perspective, the 70000 resistance level has failed to hold multiple times, and rebounds lack volume. Short-term support at 68000 and 66000 are not solid, once broken, it will accelerate downward.

In terms of structure, after high-level consolidation the center of gravity continues to shift lower, lacking new upside momentum, pullback space has opened. Whether short-term or medium-to-long-term, the trend is biased bearish.

First target directly at 62800.
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