Afternoon Bitcoin Market Analysis

The price rebounded from the low of 68,868.1 in the early morning, displaying a clear oscillating uptrend structure dominated by bullish momentum. Currently consolidating at a high level following the rebound with no clear death cross signal appearing. The short-term trend is biased towards the upside.

However, the current price is in a high area following the rebound. After consecutive upward pushes, bullish momentum has weakened somewhat, making a high pullback highly probable. This is a typical "pressure after gains, strong pullback demand" state with the possibility of retesting support at any time. The trading approach should emphasize shorting at highs, with long positions as secondary support.

Pullback to 70,000-70,500 zone for longs, targeting 71,350, 71,850

Rally to 71,350-71,850 zone for shorts, targeting 70,500-70,000 breakdown level, then watch 68,500$BTC $ETH #贵金属领涨