Since the previous high of 70983, Bitcoin's overall structure has been characterized by oscillating downward with lower highs, which is the most straightforward sign of weakness.

Recently, the rebound reached the middle-upper band of the Bollinger Bands before facing resistance and falling back. It has been unable to stabilize above the middle band. The Bollinger Bands are narrowing, and the price is repeatedly consolidating sideways. Essentially, this is a weak consolidation, not a trend reversal.

This pattern is most likely to lead to a double bottom or even a new low. The rebound presents a shorting opportunity.

Trading suggestions: For aggressive traders, short at the current price of 68758. For more conservative traders, short around 69000-69600, targeting 67500-66800, with a break below 65000.