During the midnight session, Bitcoin's price movement was relatively strong, rising to around 68,600 before facing resistance and pulling back. It stabilized and rebounded near 67,300, then oscillated upward, currently back above the 68,000 level for consolidation. The position we established last night has been adjusted with some additions and subtractions, and the average holding price has been brought to around 67,800. We still hold the position.

From the market structure perspective, this rebound during the midnight session is essentially more of a technical correction. Although the price tested the 68,000 level three times and successfully stabilized, the previous view remains unchanged: small-scale rebounds are corrective and unlikely to reverse the overall major trend. On the four-hour chart, since the correction from 76,000, the market has shown similar rebound structures, with the rebound strength gradually diminishing compared to earlier stages. Although the current rebound is slight, it has not fundamentally changed the medium-term downtrend, so our trading approach remains unaffected.

Bitcoin can continue to follow the established plan around the current price of approximately 68,200, with targets sequentially at 67,200 and 66,000. The altcoin is currently at 2,100, with direct targets at 2,040 and 1,980. $BTC #BTC能否守住6.5万美元？