Bitcoin 1-hour chart shows increased volume breaking below the lower Bollinger Band, disrupting the high-level consolidation pattern. The price dipped to a low of 64,998. Moving averages are in a bearish alignment, and the KDJ indicator shows a death cross with downward divergence. Short-term bearish momentum is strong, with very weak rebound strength, indicating a clear downtrend.

From the news and market sentiment perspective, risk aversion has increased, with obvious signs of capital fleeing. Bullish confidence has collapsed, and buying support is weak. On the macro level, Federal Reserve policy expectations are tightening, the dollar is strengthening, suppressing risk assets. Coupled with short-term negative news disturbances, this further promotes a bearish trend.

Overall, the technical breakdown, pessimistic sentiment, and macroeconomic negative factors are resonating, with no signs of reversal in the short term. Rebounds are opportunities to short, and the downtrend is likely to continue. Focus on key support levels below for potential rebounds or further declines.

Trading suggestion: 66,500-67,000 range, with a target of 64,500-65,000.