BTC is again encountering resistance near $69,000 within the 12-hour downtrend channel, with the upper channel boundary exerting obvious resistance. The overall bearish structure has not yet changed.

The main trend still maintains the core strategy of "rebound and short," with a focus on resistance at the $67,800-$68,000 range. If the price rebounds to this area and faces resistance, it is advisable to consider short positions.

Short-term support below is around $66,200. If broken, the next target is $64,700. In trading, set strict stop-loss levels and avoid blindly chasing longs until the rebound breaks above resistance. $BTC