Crypto analyst Lark Davis: If Bitcoin falls further, we need to pay attention to these key support levels.
Lark Davis, a cryptocurrency investor and analyst, evaluated the support areas that need to be focused on if Bitcoin continues to decline. He pointed out that Bitcoin may initially find support near $73,000; if the area falls, levels near $67,000 could become the next key line of defense.
Davis shared his views on Bitcoin's short-term prospects through social platform X. According to the analyst, due to factors such as the dynamics of cryptocurrency regulation in the United States and the Federal Reserve's interest rate hike, the market weakness may continue for some time.
First technical level: 200-day exponential moving average
The first technical point highlighted by Davis is the 200-day exponential moving average (EMA) at approximately US$73,000. He said he was closely monitoring whether Bitcoin prices could remain above that level. The 200th EMA is one of the technical indicators commonly used by investors to assess long-term price movements.
Second technical level: potential support area of $67,000
If Bitcoin falls below the support range of $73,000, Davis points out that the second target level is about $67,000. In the event of a deeper price correction, this level is seen as a potential support area.
However, Davis said he believes current market conditions are not enough to cause Bitcoin to reach a new low. Although analyst assessments suggest there may be downward pressure in the short term, uncertainty remains as to whether the market will fall deeper from its current position.
预计在接下来的时期内,投资者将密切关注美联储政策动向、《Clarity Act》(清晰法案)的相关进展,以及比特币围绕关键技术支撑位的价格波动。
以上内容不构成投资建议。

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