7.2 Afternoon Analysis of Bitcoin

Bitcoin has been fluctuating downwards after yesterday's decline, currently oscillating in a narrow range around 1063, with trading volume continuously shrinking, and the overall market is clearly bearish.

From a technical perspective, the probability of continuing the weak trend in the short term is high, with 1045 still being a key support level. Once this level is breached, a new round of downward movement may begin.

If a bottom divergence signal appears, a temporary upward movement to the resistance level of 1071 cannot be ruled out.

However, before effectively breaking through this resistance level, the overall trend remains bearish.

In terms of operation: Bitcoin should be lightly positioned for short positions around 1065-1070, with the target looking towards 104500-105000.