Yesterday, BTC faced selling pressure and fluctuated downward, effectively breaking below the 70K mark and dropping to around 68000. Silk Road also reminded that the main bias is bearish, supported by bullish, providing two waves that perfectly captured the exit.

Currently, looking at the daily level, a large bearish candlestick has formed and shows a bearish arrangement. The four-hour moving averages have already formed a death cross, and it is currently fluctuating around 68000, which is the focal point of the tug-of-war between bullish and bearish. The short-term bearish trend has not changed, structurally still leaning bearish. In the short term, rebounds in the range of 69500 - 70000 can continue to attempt short positions. Watch around 68000; if it cannot hold, it may drop to around 67000; if it loses further, it may drop to around 65000.