The current market trend for Bitcoin remains in a state of oscillation with a slight weakness. Overnight, Bitcoin briefly surged to around 71,300, but faced significant resistance above, then pulled back under pressure, with a low of around 69,100. Currently, the price is consolidating within this range, and the previously established high-altitude strategy has been validated again.

From a short-term perspective, the rebound momentum is gradually weakening, and the bulls have not demonstrated effective sustained upward movement. Therefore, it is not advisable to blindly chase long positions at this stage. Focus should be on the support level around 69,000; if this level is effectively broken, the downside space for bears could further open up. For the rebound, consider trading around 69,700-70,400, with a short-term target of 68,500.