Crypto Daily Report
#加密市场观察 02.06 (: Bitcoin Falls Below Long-Term Moving Averages Entering Bear Market, Institutional Unrealized Losses Expand While Short Positions Decrease
I. Bitcoin Price Trends and Technical Analysis
1. Bitcoin has recently been on a continuous decline, with prices repeatedly approaching key support levels (such as $65,000 and $69,000), and breaking below the 365-day moving average, entering a bear market phase. Market sentiment is panic-driven, with bears dominating.
2. Technical indicators show extreme overselling (RSI around 17)). Historically, oversold conditions oft