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From a structural perspective, the four-hour timeframe experienced a consolidation last weekend. Although the bulls attempted to take control for a moment, the overall upward momentum remained weak, and a clear acceleration phase was never established. It was more like a volume contraction test rather than an effective breakout. The current bearish candlestick directly interrupts the previously weak upward trend, and market sentiment is noticeably suppressed.
The key level is at 68,000, which is the dividing line for the short-term structure. Holding above this level means the sideways upward pattern remains intact. The current pullback can be seen as a reloading opportunity.
It is recommended to go long around 68000, 68500, with the first target at 70500; if it breaks down, then look for 73000.
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