$BTC BTC directly broke below the 70k mark, continuing to decline, which is quite nerve-wracking to watch.

Just looked at the market, BTC's current price is 69,849.9, down 1.76% for the day, firmly breaking the 70k integer level 📉.
In the past 24 hours, it has been falling from the high of 73,078 all the way down, with the lowest touching 69,690. After opening, it has been in a continuous downward trend, with the 5-day and 10-day moving averages both pressing above the price, and the short-term is fully suppressed by the moving averages, with the bulls unable to lift their heads.
Coincidentally, it hit negative news consecutively: MSTR sold off BTC, Hive miners massively liquidated their holdings, and both institutions reduced their holdings one after another, breaking the market’s long-standing expectation that “institutions only hold and do not sell,” causing funds to flee to safety, which is a key trigger for this decline.
The MACD indicator DIFF remains below DEA, with the red histogram continuing, indicating that the bearish momentum has not yet exhausted ⚠️. In the short term, keep an eye on the intraday low of 69,600; if this support fails to hold, further downside is likely. To reverse the trend, at least a return above the 70,000 level is necessary.
Currently, market sentiment is clearly cautious, with continuous news of institutions selling off, and in the short term, the market is likely to remain weak or continue to decline 📉.