$BTC Trend Analysis

Overall Trend: Oscillation within a downward channel
Starting from the left side of the chart (around the 17th), the price has been gradually declining from a high point, forming a clear downtrend.
The downward channel drawn with brown dashed lines is clearly visible, with the price moving within the channel and not yet effectively breaking above the upper boundary.
Recently (28th-31st), the price has been oscillating within the 66.000-68.500 range, indicating that short-term bullish and bearish forces are relatively balanced.
Short-term Trend: Rebound encountering resistance, increased risk of a pullback
A rebound occurred on the 30th-31st, with the highest reaching around 68.466, 68.966.79 (4-hour resistance level), followed by a pullback.
The current price of 67.976.56 is below the rebound high, suggesting a short-term need for further correction or testing of support.

II. Key Support and Resistance Levels
Resistance Levels (Resistance)
First Resistance Level: 68,966.79, 68.466
4-hour resistance level, also the recent rebound high.
If the price breaks through this level, it may further test the 69,500-70,000 range.
Second Resistance Level: 71,778.85
Medium-term important resistance level, the top of the previous oscillation platform.
Breaking this level would confirm a trend reversal and could initiate a new upward wave.
Third Resistance Level: 73,300.00
Daily chart resistance level, a strong resistance with a high difficulty to break, requiring substantial buying pressure.
Support Levels
First Support Level: 67,000.00
Short-term key support, the current price is close to this level.
If broken, it may further decline toward around 66,000.
Second Support Level: 66,000.00
Important psychological level and previous low support.
If this level is lost, it could open the downside space, testing 65,007.12.
Third Support Level: 65,007.12
If the price falls below this level, it may confirm the continuation of the downtrend, with a target around 64,000.