BTC was stimulated again by market news to attempt to break through 69,000 but quickly retreated, indicating heavy selling pressure above and typical of a pump-and-dump. Silk露 also reminds that this level has not stabilized and there is still a possibility of a further decline, with the target of 66K-67K still on track.

Currently, the market is in a weak consolidation pattern. Although the technicals are in the early stage of bottoming out, the daily chart favors the bears. In the short term, a rebound can still be used to short, but attention should be paid to the key level of 66,000. If volume increases and it breaks down, avoid further declines toward 65,000 or even near 64,000.