Currently, Bitcoin is oscillating around the 70,000 level, consolidating in a range. This phase is both a test of key resistance and a buildup for a potential change in trend. From the hourly chart perspective, the recent correction shows consecutive bearish candles with narrow-range declines, and the structure remains orderly and coherent. The momentum of the rally continues to weaken, resulting in a generally weak rebound and insufficient recovery energy. The four-hour Bollinger Bands are narrowing and converging, with price breaking below the middle band support and diverging downward. Trading volume is increasing in tandem with the decline, and market sentiment and capital flow are predominantly driven by the bears. Therefore, our trading strategy in the afternoon remains unchanged: look for opportunities to short the market at the right moment.