BTC struggling at the 70K level with repeated sawing! BTC under pressure at highs, bears positioned to strike

BTC has been continuously oscillating in the high price range recently, with prices failing multiple times to break through the upper resistance, while the moving average system is gradually turning downward, forming obvious pressure. The bullish momentum has weakened significantly.

After several consecutive days of high-level oscillation and pullback, the 70000 round number level has formed short-term psychological support. If this position stabilizes temporarily, it will likely trigger a technical rebound, with rebound resistance concentrated around the 71000-71200 zone, which is also a previous area of dense trading activity.

The overall direction remains in a sideways downtrend pattern, with rebounds representing only short-term corrections, not trend reversals. After rebound resistance, the focus remains on shorting with the trend, with the core downside target around 69000. If this level breaks, the downside space will further expand.
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