BitBTC has made multiple attempts to break through the 7W level but failed to push higher.

Prices quickly fell back, and Si Lu reminded that as long as this level has not been firmly established, you can take a short. Overnight, as scheduled, it shook and drifted south; waking up in the morning, you’re just picking up U.
Currently, it’s still in a high-level range bound phase, with bulls and bears locked in a tug-of-war. On the smaller timeframes, MACD shows a death cross, and RSI is in a weak zone around 46. The rebound has some momentum but lacks strength. In the short term, keep an eye on the key level of 68000; if it hasn’t broken down, you can try to do a play near it—watch the area around the 7W level. During the daytime, the broader concept is oscillating within a range; until it breaks out of the range, trade by leaning into high sell and low buy around the boundaries. Also, be mindful of how sentiment carries over before and after the U.S. stock market tonight.