Bitcoin retraced yesterday and then launched a rebound recovery rally. Although prices showed upward exploration attempts, they consistently failed to effectively break through key resistance above. Overall upward momentum is clearly insufficient. Currently, prices have pulled back to around the 70,500 level, with bulls and bears locked in a tight struggle at this position. The price action during the pullback also shows brief stabilization signals. If today's market can close positive again, prices are expected to further test the resistance zone. Key focus above on the previous high of 71,300. Once this level is effectively broken through and stabilizes, the current consolidation pattern will likely be shattered.

The 4-hour level showed a long lower shadow candle in the evening. There is relatively strong buying support around 69,000 in the near term. The daily level has closed positive for three consecutive days, but the high-level doji that closed in the early morning hours is a signal that needs key attention in the short term. This pattern often signals that prices will face certain pullback pressure in the short term. Overall, post-breakout high-level gains appear limited, short-term pullback consolidation needs are increasing. Recently, Bitcoin maintains wide-range consolidation, and the consolidation pattern will continue. Operationally, maintain a bias toward shorting on rallies.

Early morning Bitcoin operation strategy: short directly at 70,500-71,000. Target 69,000. Ethereum operation strategy: short directly at 2,080-2,120. Target 2,020.

Follow MoYan, focus on contract and spot ambush. Team still has positions, get on board quickly #币 $BTC $ETH