BTC hits a key support level: technical analysis of short-term critical points

The current BTC price has dropped to $65.54K, requiring a systematic analysis of recent market technical features. Based on recent trends, there are key support and resistance levels worth focusing on.

Support Level Confirmation and Yesterday’s Bottom Test

Yesterday, BTC touched around $65,800. Although it did not fully dip to the critical support line at $65,700, this bottom test and rebound essentially confirmed the effectiveness of that support level. From a technical perspective, such confirmation often indicates the buildup of short-term rebound momentum. Chart-wise, the $65,700 level is gradually forming as a support zone.

Hourly Breakpoint and Multi-layer Resistance Analysis

The key observation point is at the $67,300 level on the hourly chart. If BTC closes above this level, the hourly timeframe could continue its upward momentum. Looking higher, $68,500 is a critical target—initially a resistance level, but over time it has evolved into a support/resistance flip. Whether it can effectively restrict upward movement remains uncertain.

If $68,500 fails to form a clear barrier, then the next key target is the $70,300 resistance level. Structurally, these two levels form a layered system during the ascent, with the possibility of gradual upward progression.

Stage-wise Trading Strategy and Risk Management

From a technical standpoint, the overall trend remains bullish. Traders can adopt phased participation: when BTC closes above $67,300, consider short-term entries; monitor whether $68,500 can be effectively broken; if successfully surpassing $68,500, observe the reaction at $70,300.

Regarding risk management, it’s crucial to set clear stop-loss points near previous highs when the price reaches the $70,300 resistance zone, to promptly control risk in case of reversal. This layered stop-loss approach at key levels is an essential risk control measure for short-term trading.