Currently, BTC is fluctuating near the 69,000 USD zone, which acts as a short-term resistance area. Maintaining above the 65,000 USD level indicates that the buying side is protecting a relatively solid support base. Although the major trend has not yet confirmed a reversal to an uptrend, a sideways structure after a sharp decline is often a market “absorption” phase of remaining selling pressure before choosing a new direction. If it decisively breaks above the 70,000 USD zone with improved liquidity, the medium-term outlook could become more positive.

On the 4-hour chart (H4), the picture looks more optimistic. After forming a short-term bottom around 63,000 - 64,000 USD, BTC has created a series of higher lows, and has also rebounded strongly back to the 68,000 - 69,000 USD range. This rebound is accompanied by decisive bullish candles and improved volume, indicating that short-term capital flow is returning quite actively.#GateLanternFestivalRedPacketGiveaway