The current Bitcoin is at a point of directional choice after a short-term trend weakening. A pullback sentiment is being released on a smaller scale, and momentum indicators like MACD are weakening, suggesting that a direct V-shaped reversal in the short term is quite difficult, leaning more towards digesting selling pressure through fluctuations.

Currently, the key observation point today is the gain or loss at 70500.

If it can hold, the market will maintain a fluctuation range between 70500-72500 to build a base;

If it breaks down with volume, caution is needed for the risk of seeking support at 68000.

At this time, one should remain cautious. Before the range is effectively broken, chasing highs and selling lows is not advisable, and it is better to adopt a high-sell low-buy strategy or patiently wait for a clearer trend.