Bitcoin retraced yesterday and subsequently entered a rebound correction rally. Although prices showed upward probing attempts, they consistently failed to break through the key resistance above effectively, with overall upward momentum clearly insufficient. Currently, prices have pulled back to hover near the 70,000 level, where bulls and bears are locked in a tight struggle. The trend has also shown brief stabilization signals during the pullback. If intraday action can close positive again, prices are expected to further probe the resistance zone. Key focus should remain on the previous high of 71,300—once this level is effectively broken through and stabilized, the current consolidation pattern would likely break down. #比特币跳水29万人爆仓#

The 4-hour level formed a long lower shadow line in the evening session. There exists relatively strong buying support near 69,000 in the short term. The daily level has closed positive for three consecutive days; however, the high-level doji that formed in early morning hours is a signal requiring close attention in the short term, as this pattern often foreshadows certain pullback pressure for prices in the short term. Overall, post-breakout highs show obvious lack of follow-through, with short-term retracement and consolidation demand increasing. Recently, Bitcoin has maintained wide-range consolidation, and the oscillation pattern is expected to continue. In terms of operations, maintain a primarily short bias.

Early morning Bitcoin operation strategy: enter short directly at 70,500-71,000. Target set at 69,000. Ethereum operation strategy: enter short directly at 2,080-2,120. Target set at 2,020.