Bitcoin is currently priced at 70900. Many friends are struggling with the question of whether to buy the dip around 70880 after such prolonged consolidation, or to continue shorting. I, Lin Ran, will break down the core logic directly. After rallying from the lows, Bitcoin has never escaped the previous downtrend. The current sideways consolidation is merely a brief pause after the downside, and is completely not a trend reversal signal.

The MA60 moving average above continues to press down, and bulls repeatedly struggle to push higher. The higher the surge, the weaker the momentum. This narrow-range oscillation is the typical signal before a trend change. It's very easy for a single K-line candle to define the direction next. Blindly buying the dip or aggressively chasing highs will easily get caught in whipsaw action by institutional money, leading to liquidation. You must stay alert.

Operation Suggestions: Short around 71200-71800 levels, watch downside support at 69600-69000 levels, breakdown of 68000, 66500
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