Ongoing Updates:

Commit to sharing insights daily, analyzing personal perspectives. If you find this helpful and it enhances your knowledge, remember to stay tuned to my updates every day.
BTC: Based on yesterday’s movements, many may have already noticed the drop below 69,300 (yesterday’s update indicated the stop-loss level and observation point).
Yesterday also discussed the 4-hour core structure: in the short term, it’s in a consolidation rebound pattern between $68,100 and $71,800... (If you missed it, you can review yesterday’s sharing).
Today’s morning analysis:
4-hour timeframe: After a decline, it stabilized weakly, with a short-term rebound correction. The larger trend remains in a downward channel.
After testing the medium-term support, it stabilized, and the 4-hour chart shows a bottoming out, with selling pressure easing. Short-term attempts to rally are possible, but caution is needed as it’s still within the larger downward channel.
Current 4-hour northbound zone: 68,200-68,500
Recent resistance levels: 70,200-70,500-70,800 oscillating upper boundary
71,200-71,500-72,000 key resistance zone
Effective stop-loss areas:
67,600-67,800-68,000 (If it breaks below the strong support zone at 68,200, be alert, and try to avoid adding to positions), structure turning bearish, abandoning bullish ideas.
Market structure: The 4-hour candlestick continuously shows a bottoming pattern, MACD bearish momentum continues to narrow, RSI has rebounded from oversold levels to around 43, with dense support below. There is a clear short-term rebound and correction demand; however, the medium- and short-term moving averages face obvious resistance. Overall, it remains a consolidation with a slight bullish correction, not a trend reversal.
【Risk Warning】: The above content is solely technical analysis and does not constitute any investment advice. It is for educational purposes only. Please make decisions rationally.