In the afternoon, BTC stabilized above the 70,000 level, and bulls attempted to push higher, with BTC fluctuating in the 70,500-71,300 range. Multiple upside probes failed to form an effective breakout, with significant selling pressure overhead. Currently, the price is consolidating within the range, and the short-term direction requires further confirmation.

From the 4-hour perspective, although price has broken above 70,000, the rebound highs are progressively lower, and the 71,300-71,500 area has formed a notable resistance zone. Regarding the moving average system, MA60 remains above and constitutes strong pressure. Price has been repeatedly suppressed when touching this level, suggesting that the bear defense remains solid. In terms of volume, the rebound phase has not seen effective volume expansion, showing a contracting consolidation pattern with insufficient bullish momentum and greater difficulty in breaking higher. The RSI indicator is trading in a neutral-to-weak zone, with no clear oversold or reversal signals, and downside risks remain in the short term.

The bearish outlook remains unchanged in the afternoon. As long as price fails to effectively break above 71,500, any rebound presents a shorting opportunity. Watch the 71,300-71,500 resistance zone above; shorts can be layered in this range with targets toward the 70,500-70,000 level. If price breaks below 70,000 again, downside space will further open up. Long positions are not recommended for now; patiently wait for a pullback to be complete before reconsidering. #Gate13周年全球庆典 $BTC