Yesterday, BTC faced selling pressure across the board, with a continuous downward fluctuation, effectively breaking below the 70,000 level and dropping to around 68,000. Silk露 also indicated a mainly bearish outlook with some bullish signals, providing two perfect exit points for both scenarios.

Currently, on the daily chart, a large bearish candle has formed, showing a bearish alignment. The four-hour moving averages have already formed a death cross. The price is now oscillating around 68,000, which is a focal point of the battle between bulls and bears. In the short term, the bearish trend has not yet changed; structurally, it remains bearish. In the near term, rebounds to the 69,500 - 70,000 range can still be attempted for short positions. If the price fails to hold above 68,000, it may drop to around 67,000; further breakdown could see a decline toward 65,000.