The early trading session saw a significant rally, with Bitcoin oscillating upward from the 66,300 level. After a surge with increased volume to around 68,377, it quickly faced resistance and pulled back. It failed to establish a solid support above 68,000, then gradually retreated to the 67,300 range for consolidation, showing a pattern of rising and falling, with gains being partially retraced.

From a structural perspective, the current market is in a correction phase after the rally. After reaching a high and forming a long upper shadow, the price shifted into a sideways decline. On the hourly chart, two attempts to break through the 68,000 level failed to hold, forming a small-term M-top pattern. Resistance above is clearly defined, volatility continues to narrow, and bears are accumulating momentum in high positions. The four-hour Bollinger Bands are parallel and upward, but the recent multiple surges lacked significant volume, indicating a clear manipulation to attract buyers. The major long-term downtrend remains unbroken, and the overall outlook continues to favor a high-level short position.

Bitcoin rebound around 67,800-68,500 is a short opportunity, with a target of 66,500-65,500.
Altcoins rebound around 2,070-2,100 is a short opportunity, with a target of 2,000-1,950.