It should have been a week of complete victory, but last night ended all confidence in the bulls.

Last night, I was teaching students when I received a call from a big brother with nearly ten million in positions (A-shares + contracts) around nine o'clock, inviting me out for drinks, which I couldn't refuse. After a hearty meal and drinks, we talked about Bitcoin, the electoral environment in the beautiful country, and combined with yesterday's market trends, Bitcoin was originally steadily heading upwards. However, unexpectedly, a sudden series of punches caught it off guard—on one side, Israel was staging a revenge drama, while on the other, Tether faced scrutiny from a US prosecutor. The price took a disappointing plunge, dropping over 3000 points; my mind is still in a daze, and I can't tell if it's from too much alcohol.

We all know that such unforeseen events often skew the direction of Bitcoin. Therefore, it’s wise for everyone to be aware that they might be 'dove-ed' at any moment when investing. Flexibly adjust your positions in preparation for sudden situations.

Without further ado, let's look at the technicals. The daily chart shows a long lower shadow bearish candle. On the four-hour chart, the cryptocurrency price dipped twice overnight, with a morning double liquidation. The Bollinger Bands are slightly open, with the price operating between the middle and lower bands. The KDJ shows clear signs of slowing down, and the MACD double lines have crossed downward, with the bearish energy bars increasing. Currently, the four-hour outlook still favors the bears.

Reference suggestion:

Short around 67500, with a stop-loss at 68000 and a target at 66000.