BTC opened oscillating pullback near the 72000 level during the day, broke below the 70000 integer support as expected in the evening, and touched a low of 68800. We provided BTC 72100 and ETH 2230 high-altitude short positions in advance, perfectly validating our prediction.

From the current market view, BTC's oscillating downtrend is clear, with successive lower lows and intact downtrend structure. Three consecutive daily red candles accompanied by synchronized volume expansion indicate the market sentiment has fully shifted bearish with sustained selling pressure. Although price found temporary support near the 30-day moving average, with price-volume cooperation favoring the bears, a decisive breakdown is only a matter of time. Four-hour level shows eight consecutive red candles, with minor rebound candles serving as weak recovery—essentially continuous consumption of bullish momentum, with successive rebound weakness further confirming bull exhaustion. Hourly level oscillation centers continue to shift lower with dense resistance above, as the trend diverges downward along the channel. Short-term small timeframe technical pullbacks cannot reverse the overall downtrend; they are primarily bear accumulation for subsequent downside probing. Based on comprehensive cycle structure analysis, the bearish outlook remains unchanged.

BTC rebound resistance 70800-71600, downside target 68300-65800
ETH rebound resistance 2180-2220, downside target 2080-2000. $BTC $ETH $SWEAT