Bitcoin this week is about to release three major inflation data: the Federal Reserve meeting minutes, US core PCE, and March CPI. Market expectations for rate cuts continue to cool down, the US dollar index remains relatively strong, and global risk assets are under valuation pressure; combined with recent geopolitical sentiment fluctuations, risk aversion preferences are rising. As a high-risk asset, Bitcoin lacks sustained upward support at the macro level.

The 4-hour chart shows Bitcoin maintaining a weak oscillation overall, with rebounds consistently suppressed by the middle band of the Bollinger Bands at 67209. The bulls are unable to break through the key resistance; on the 1-hour chart, after rising to 67269, it closed with a long upper shadow, touching the upper Bollinger Band and pulling back under pressure. The KDJ indicator is overbought and turning down, volume is decreasing, short-term bullish momentum is exhausted, and a clear correction signal is present.

Future outlook: The short-term resistance zone is between 67250-67270, which is difficult to break through; key support is at 66990. If broken, the next target is around 63000, and if it breaks further, it will continue downward with a 5-digit prefix.

If it breaks above 70000 and stabilizes, a position around 72000 may be considered, with targets sequentially at 69000, 65000, and 62000.