$BTC ‌

Bitcoin explored lows around $68,900 in the early morning of the previous day. Yesterday's daytime session exhibited a consolidation and recovery rhythm, with overall rebound momentum appearing weak and limited gains. After attempting to challenge the key resistance level of $72,000 in the afternoon, it encountered selling pressure and retreated. It subsequently pulled back to the $70,610 support level where it found buying interest and rebounded. Currently, the price remains trapped within a high-level range, oscillating repeatedly. The market structure shows clear resistance above and support below, with bulls and bears locked in a stalemate. There has been neither an effective bearish breakdown nor a sustained break above resistance to open new upside room. Short-term action remains primarily high-level range consolidation, awaiting clear direction from geopolitical news and capital flow dynamics. Trading strategy is better suited to light-position range trading rather than aggressive chasing rallies or panic selling.
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