The midday market currently shows a weak rebound after breaking down.

From 74,000 down to 65,360, the daily candle has already closed with a bearish line, and the lows on the 4-hour and 1-hour charts have also been broken.
Although there is a rebound back to around 66,400, this rebound has not changed the overall structure.

The key is stuck at two levels: one is 67,400, which is the first hurdle for a short-term rebound to continue;
the other is 69,700, which is the dividing line for the daily chart recovery to open up.
If 67,400 cannot be reclaimed, the market is still likely to test 65,360 again;
if 69,700 cannot be reclaimed, the daily chart remains weak, and resistance levels at 70,400 and 72,400 are also hard to reach.

There is room for a rebound at lower levels, which must be acknowledged—both RSI and BOLL indicate that after a deep decline, a bounce is likely.
But trading volume and open interest are still not convincing; during the decline, funds are still pressing down, and during the rebound, buying momentum is not clearly taking over, indicating that this is not a new bullish push but a recovery attempt after a waterfall decline.

If the 65,360 support holds, the market can still grind between 66,000 and 67,400;
if it falls below and cannot recover, 64,900 will be tested first, followed by 62,400.
So, reclaiming 67,400 allows for a short-term continuation of the recovery;
reclaiming and holding above 69,700 means the daily chart has begun to recover;
losing 65,360 means the risk continues #BTC触底66000 to extend downward.