Evening Bitcoin Analysis

After an extreme pulse surge, the market has entered a high-level correction cycle.
BOLL bands have rapidly contracted after extreme expansion, with prices falling below the mid-line, indicating short-term bearish dominance and weakening bullish momentum.
The highs of the candlesticks are gradually decreasing, and the lows are shifting downward, forming a clear short-term downtrend channel. The rebound strength is very weak, representing a weak correction within a downtrend.

Current key resistance is at 69,550, with strong resistance between 70,000-70,250; critical support is at 6,910. A break below this level could lead to a decline toward the previous lows of 6,880-6,870.

In terms of trading strategy, focus on shorting during rebounds. Avoid chasing highs or bottom fishing. When the price rebounds to around 69,500, consider short positions with targets at 69,100, and if broken, look toward 68,600.
If the price directly breaks below 69,100, it can be shorted further with targets at 68,800-68,500. Use strict stop-losses, exit quickly, and follow the trend. #加密市场行情震荡