$BTC

Bitcoin continued the downtrend from the previous day (Sunday) in yesterday's morning session, persisting downward and testing support around 67,300 USD, after which the daytime consolidated within a sideways range with relatively stable price action. In the afternoon, driven by news factors, the market rallied sharply, pulling up rapidly from around 68,500 USD to break above 71,500 USD at its peak, displaying a short-term strong rebound. Entering the evening through early morning session, the market returned to stability, maintaining minor consolidation. From the current technical structure, the high-level oscillation range has noticeably narrowed, volume continues to weaken within the 4-hour channel, and combined with recent overall market volatility characteristics and volume performance, in the short term the market is likely to maintain oscillation within a narrow channel formed by the 4-hour convergence, currently without clear unidirectional trend signals. Focus should be placed on monitoring volume changes and breakthrough situations at key support and resistance levels.
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