70K Level Sees Repeated Tug-of-War! BTC Under Pressure at High Levels, Bears Ready to Strike

BTC has been continuously oscillating in the high price zone recently, with multiple failed attempts to break through the upper resistance level, while the moving average system has gradually turned downward, creating obvious pressure. The bullish momentum has clearly weakened.

After several consecutive days of high-level consolidation and pullback, the 70000 whole number level has formed short-term psychological support. If this level stabilizes briefly, it will likely trigger a technical rebound, with rebound resistance concentrated around the 71000-71200 zone, which is also the area of previous dense trading activity.

The overall trend remains in a consolidation and downward pattern, with rebounds only representing short-term corrections, not a trend reversal. After rebound pressure, the focus remains on short-selling along the trend, with the core downside target around 69000. If this level breaks, the downside space will further open up.
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