Morning BTC Analysis

- Current Price: 71102.8 USDT, intraday decline of 2921.6 points, down 3.95%
- Intraday Volatility: High 74633 → Low 70456, amplitude approximately 5.8%
- Technical Setup: After sharp morning decline, price found support around 70500 and is currently in a weak rebound recovery phase, oscillating above key support levels

Operating Strategy

1. Trend Assessment
- Short-term: Bearish oscillation, price breaking below short-term moving averages with weak rebound strength, vigilant for a second test downward
- Key Support: 70456 (intraday low) → If effectively broken, downside room may open toward 69500-69000
- Key Resistance: 71800-72000 → If rebound fails to break through this zone, bearish trend will continue

2. Trading Strategy
- High Short Approach:

1. When rebound reaches 71800-72000 zone and meets resistance, consider setting light short positions
2. Stop Loss: Above 72300 (breakout of key resistance, trend reversal signal)
3. Targets: First target 71200 to reduce half position, second target 70500, if breaks below 70500 can hold position and observe

Risk Warning
- Net capital outflows evident, market sentiment bearish, avoid blind bottom-fishing #Gate13周年全球庆典 #英伟达GTC2026大会召开 $BTC