Today's analysis:

• Unable to push higher: After reaching 70,758, it quickly pulled back. The long upper shadow indicates strong selling pressure above, the bulls are exhausted, and it is beginning to decline toward the midline.
• Indicators are bearish: The upper band of the Bollinger Bands is capping, the opening is narrowing, and the price is close to the midline. Once the midline is broken, it is likely to fall to the lower band near 70,643.5.
• Pattern warning: 70,758 has become a temporary high. If it cannot rise back above it, this is a typical topping pattern, with a higher probability of short-term decline.
• Reminder: This is a 1-minute ultra-short-term signal. If the larger timeframes still show an uptrend, this is just a pullback. If the price stays above 70,720, the bearish outlook is invalidated.
Bitcoin: Rebound to 71,000–71,500 could head south
First target: around 69,500
Second target: 68,000 (cautiously) #Gate13周年全球庆典 $BTC