Bitcoin slipped steadily in the early hours of the morning to a low of 70,650; after reaching the 71,788 zone and running into resistance, it rebounded, but the upside lacked momentum. It has now slipped back to trade in a range around 71,000 for consolidation. At present, the rebounds are all mainly technical fixes, not a reversal. Looking at the entire board from the daily chart, it still remains in a downtrend, with weak, range-bound action and a bearish bias dominating. The downward channel remains unchanged, and Ethereum is moving in sync with Bitcoin. Currently, it is not recommended to buy the dip; chasing in and out quickly is not easy to control. If a sudden “needle” spike happens, you’ll either get stuck in the position or be liquidated, with no meaningful outcome. For Bitcoin, only after the rebound can hold at 72,500 should it switch to a long bias; otherwise, for range-bound but bearish-leaning trading, operations should still mainly follow the main downward trend, with the target focused on the 70,000 support level. #ArthurHayes看好HYPE超越SOL $BTC ‌$ETH