Today’s flat market, Bitcoin initially declined then rebounded, dropping to around 65,700 before consolidating and rising again, with the highest approaching 68,000. It then faced resistance and fell back, with the rebound showing signs of fatigue.

From the 4-hour chart perspective, the price rebounded after reaching around 65,500, forming several bullish candles, but remained constrained by the middle band of the moving averages. Most candles have long upper shadows, indicating a lack of upward momentum and insufficient strength for a sustained rally.

Going forward, focus should be on the key resistance level at 68,000. If the price cannot break through and hold above this level, the overall trend will likely remain bearish.

Operational strategy reference:
Around 68,000, consider short positions when appropriate. The initial target zones are 66,500 to 65,000.

Risk warning:
Market movements are uncertain. Be sure to implement risk control, operate with small positions, and prioritize stability.