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Big cake (BTC): Around 68,800-69,300, scan first for 67,500.
Affected by the “yellow-haired” person’s comments, BTC this morning directly pushed out 69,300 to give the weekly candle a good close. But the price has now fallen back to below 69 and is consolidating—this is a typical “news-driven market” rally, and there hasn’t been a real trend reversal.
At the daily level, it’s obvious: the 68,500-69,000 area has been tapped three times and still hasn’t truly broken through. The 4-hour chart is even clearer: the price is still in a descending channel, and each rebound’s high is getting lower. A typical “downtrend continuation” structure, not a reversal. $BTC