In the afternoon, Bitcoin stabilized around 69,300 after finding support, and has now rebounded to around 69,600. Long positions established in the afternoon are being held smoothly. From a structural perspective, the 69,300 level, which has been tested multiple times previously, once again confirms a clear willingness to support this level. The bottoming and rebound candlestick pattern provides a foundation for a potential rally.

From an hourly perspective, the price formed a long lower shadow at 69,300, signaling a halt in the decline. The short-term moving averages MA5 and MA10 are beginning to flatten and show signs of turning upward. The MACD bearish momentum histogram continues to converge, and the fast and slow lines are tending to form a golden cross below the zero line, indicating that the downward momentum is gradually weakening. The RSI has rebounded from oversold territory to above 35, leaving room for further upward correction. The 69,000-69,300 zone is a key support area; as long as it is not effectively broken, the rebound structure remains intact.

Long positions based on the 69,300 support can continue to be held in the afternoon. A short-term pullback to the 69,400-69,500 range without breaking below it remains an opportunity to add to positions in the trend. The stop-loss can be set below 69,000. The first resistance is at the 70,000 level; a breakout could target the 70,500-70,800 zone. The bottoming and rebound pattern is beginning to show, so patience with low-level longs is advised. #Gate正式接入Polymarket $BTC