Bitcoin showed a wide-range oscillation and tug-of-war yesterday. The price pulled back from the previous high near $68,100 to the support zone around $66,200, then rebounded. It briefly surged to the $68,400 level, then the white session shifted to a sideways downward pattern. During the evening session, it dipped near $65,900, stabilized, and rebounded. After bouncing to around $67,700, it quickly retraced to support at $66,400, then moved higher, reaching the $68,500 region for high-level consolidation. Currently, the quote is around $68,200. The current market remains constrained by the 4-hour channel. The $68,800–$69,200 range is an important resistance zone. If it can break through this area effectively, the bulls may continue the upward momentum and push above $70,000. Conversely, if it remains under pressure and cannot break through, the price is likely to return to a range-bound consolidation and retracement, with short-term bulls and bears repeatedly battling around key resistance and support zones.