$BTC Last night, US stocks opened lower combined with bearish news, directly breaking through the 70,000 psychological level. Although the price has recovered slightly to around 69,500 currently, the rebound lacks strength, and market sentiment has clearly shifted toward bearish.

70,000 has shifted from support to resistance, with hourly-level moving averages in bearish divergence, MACD death cross with continuous volume expansion in bearish momentum bars, and the downtrend structure is not yet complete. The brief halt to the decline near 69,500 appears more like a technical correction, without buying support, making sustainability questionable.

After 70,000 breaks down, downside space has opened up. In terms of operations, maintain a rebound shorts strategy, watch for resistance in the 70,000-70,300 zone, and attempt light shorts when reaching the level, with stops placed above 70,500. First watch the 69,000 level for downside support; if it continues with volume and breaks below, space will further open.

Before seeing a clear stop-decline signal, don't rush to buy the dip. Follow the trend, strictly implement strategy discipline—this is the first priority right now.#Gate正式接入Polymarket