Bitcoin has experienced a sharp pullback and is currently in a low-level consolidation and recovery phase. The Bollinger Band midline is currently hovering around 69574, with the upper band (approximately 71783) forming a short-term strong resistance level. The Bollinger Band opening has begun to narrow, indicating that volatility is decreasing and the market is accumulating energy while awaiting a turning point. The KDJ has formed a golden cross signal, with values hovering around the 50 midline, showing signs of strengthening short-term momentum and a need for continued rebound recovery. Although the MACD green bars have shortened slightly, indicating weakening downside momentum, the bearish arrangement pattern remains unchanged and the rebound strength still needs observation.

Today's overall suggestion remains primarily buying on dips.

Looking at support around 70100-69500 on the downside, targeting 71300-71800 on the upside. If 72000 is broken, continue targeting 72700-73200.