From midnight to the early trading session, Bitcoin experienced a wave of accelerated decline. Subsequently, the white trading session maintained a range-bound oscillation pattern, with relatively limited fluctuations, not exceeding a thousand points in amplitude. The early session suggested short positions, which have now successfully realized nearly a thousand points of downward movement!

From the current market situation, the bearish momentum has eased somewhat, and the retracement energy is gradually weakening. The price is entering a consolidation phase around 68,500. The four-hour chart shows four consecutive bearish candles pulling back, with multiple long lower shadows indicating strong support below and a clear willingness from buyers to absorb the selling pressure. Meanwhile, the fast and slow lines are turning downward from a high level, about to form a death cross, signaling a bearish consolidation buildup, preparing for further decline.

Going forward, close attention should be paid to the breach of the 67,500 level, which is both the starting point of this rally and the upper boundary of the previous small-range box. If it breaks below effectively, there is a potential to challenge new lows. Friends holding no positions can continue to adopt a high-short strategy for future planning.

Bitcoin rebounds near 69,000-69,700, with a target of 67,500-66,000.
Altcoins rebound around 2,120-2,140, with a target of 2,050-1,980.