70000 level saw-sawing repeatedly! BTC under pressure at highs, bears ready to advance

BTC has been continuously oscillating in the high price zone recently, with prices failing multiple times to break through the resistance above, and the moving average system gradually turning downward, forming obvious suppression, with the bullish momentum clearly weakening.

After several consecutive days of high-level oscillation and pullback, the 70000 round number has formed short-term psychological support. If this level stabilizes temporarily, it will likely trigger a technical rebound, with rebound pressure concentrated around 71000-71200, an area that was also a dense trading zone in the past.

The major trend remains in a shock-and-decline pattern, with rebounds being only short-term corrections, not trend reversals. After rebound pressure, we should continue to trade short following the trend, with the core target downside around 69000. If it breaks below, the downside space will open further.
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