• Technical Key Points Analysis:

• BTC:

• From a daily perspective, the daily chart has recorded five consecutive bearish candles. We can see that since the central upward trend began, the occurrence of five consecutive bearish candles is quite rare; the last time this happened was in June. The intraday movement is particularly crucial, and the previous day closed with a shooting star bearish candle, indicating that the support below is very strong. This type of large bearish candle often leads to a significant oversold rebound. We can see that the early rebound strength is still considerable, so pay attention to the important resistance and support areas during intraday trading.

• After the high point of 73700, the price fell back to 68800 and then rebounded, forming a second high point for the downward trend at the range of 69800-70000. This is the starting point of the decline and is also a key position for whether it can stabilize above 70000 again. Below, pay close attention to the low point of the spike rebound at 68200 and the strong support at the double bottom low point of 67600 formed in the past two days.

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• Therefore, it is recommended to go short around 69700-70000, with a stop loss at 70500 and a target of 68500-68200;

• On the downside, look for a bullish move around 68300-68000, with a stop loss at 67600 and a target of 69400-69800;

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