Bitcoin is oscillating narrowly in the 71000-71100 range in the early morning, currently trading at 71000, overall in a pullback consolidation phase after the surge, 15-minute level bullish momentum is weakening somewhat, short-term enters a direction selection window.

15-minute level price is trading close to the mid-band, upper band has turned downward, short-term has demand to re-test the lower band, death cross signal is beginning to appear, bearish sentiment is gradually warming.

If it breaks below 70800 mid-band support, it will confirm that short-term correction has started, 70000 below is the key defense level, if broken then watch the 69000-68500 range.

If it holds firmly above 71500 upper band, there is a possibility to further attack the previous high of 71777, otherwise treat with a shock-biased bearish approach.

Short as main, long at low levels as supplementary

Scale into shorts in the 71500-72000 range, first target 70800, second target 70000 break then watch 69000-68500 → 67000#Gate储备金报告 $BTC $ETH