The market has shown initial signs of a stabilization in decline, with small-timeframe momentum indicators beginning to shift from weak to strong. The short-cycle structure is gradually repairing, indicating that BTC is likely to enter a technical rebound phase. As the lower-level trend strengthens, the rebound momentum will transmit to higher timeframes, and the 12-hour bearish structure may be gradually weakened or even dismantled.

Overall, the correction since Wednesday has probably entered its final stage. The current market is transitioning from an adjustment phase to a recovery phase. Trading strategies should gradually shift from defensive to offensive, primarily focusing on buying dips in line with the trend.

Trading Strategy Recommendations
Long position entry zone: 69,600 – 70,200
First target level: around 71,600
Second target level: around 72,800

Pay attention to support strength and volume changes during pullbacks, strictly implement risk management, and avoid chasing highs.