70,000 mark sees repeated seesaw! BTC under pressure at highs, bears ready to make a move

BTC has been oscillating continuously in the high-price zone recently, with prices failing multiple times to break through resistance above. The moving average system is gradually turning downward, forming obvious suppression, and bullish momentum is clearly weakening.

After several consecutive days of high-level oscillation and pullback, the 70,000 whole number level has formed short-term psychological support. If this level stabilizes briefly, it will likely trigger a technical rebound, with rebound pressure concentrated around 71,000-71,200, which is also a previous dense trading zone.

The overall direction remains in a oscillating downward pattern, with rebounds only serving as short-term corrections, not a trend reversal. After rebound pressure, the focus remains on selling into strength on pullbacks, with the core target below looking toward around 69,000. If this level breaks, the downside range opens further.
#加密行情震荡 #Gate储备金报告