BTC has experienced a pullback, with the 4-hour level showing weak oscillation after breaking through the 70,000 mark, while the daily level is displaying bearish signals such as a dark cloud cover. In the short term, bearish momentum appears dominant. However, during this pullback process, trading volume has not significantly expanded, indicating this is a technical adjustment rather than a trend reversal.

Currently, there is a tug-of-war between bulls and bears around the 70,000 key level. The gain or loss of this position will determine the subsequent direction. In the short term, watch for a recovery to above 71,500, which could help relieve current downward pressure. If it fails to break through, it may further test the 67,000 - 68,000 range.