Since yesterday, Bitcoin has experienced a strong rally driven by market sentiment, briefly reaching around 70,500. However, the trend has not stabilized, and the key resistance levels above still exert significant pressure.

From the current market situation, this rebound is mainly a sentiment-driven surge triggered by external news, not a sign of a trend reversal. As the market gradually digests external positive news, funds will return to rationality, and the bearish forces are likely to regain control of the market. Overall, the resistance above remains significant, with insufficient rebound momentum and weak sustainability. This round of market movement is more of a technical correction within a downward trend, and the overall bearish dominance has not changed. There is still room for further pullback in the future.

Bitcoin's rebound is around 70,500-71,300, with a downside target of 68,800-67,300.
Altcoins' rebound is around 2,050-2,100, with a downside target of 1,980-1,900.