After bottoming out and rebounding, today is most likely to see high-level oscillation and grinding—no chasing highs, no reckless cuts, light positions within the range are the safest.

Market Logic:
Last night, BTC plunged sharply but was quickly pulled back, with the short-term oversold condition triggering a technical rebound. However, the resistance at the $70,000 level is obvious, and the bulls lack the momentum for a sustained breakthrough. The market stabilized around $68,000 in the early session, with whales adding positions at low levels, and long-term holders not under much selling pressure. Currently, it’s in an oversold recovery and consolidation phase, not suitable for a big one-way rise or fall. The whole day is likely to be a range-bound tug-of-war, waiting for uncertain chips to clear before choosing a direction.

Personal advice: If the rebound reaches around 69,200, consider closing your position. Targets are 68,500-67,200-66,500!