$BTC Market Trend Analysis

Overall Trend: Fluctuating consolidation within a downward channel
Starting from the left side of the chart (around the 17th), the price gradually declined from its peak, forming a clear downtrend.
The brown dashed line indicates a clear downward channel, with the price moving within it, yet to effectively break above the upper boundary.
In recent days (28-31), the price has fluctuated in the range of 66,000-68,500, indicating that bullish and bearish forces are relatively balanced in the short term.
Short-term Trend: Rebound hindered, increased risk of correction
On the 30th-31st, there was a fairly strong rebound, reaching peaks around 68,466 and 68,966.79 (4-hour pressure level), then declining again.
The current price at 67,976.56 is below the rebound high point, indicating a need for further correction or testing support levels in the near future.

II. Key Support and Resistance Levels
Resistance Levels (Obstacles)
First resistance level: 68,966.79, 68,466
4-hour pressure level, also the latest rebound high.
If the price breaks through this level, it could further test the 69,500-70,000 range.
Second resistance level: 71,778.85
An important medium-term resistance level, representing the peak of the previous consolidation platform.
Breaking this level would confirm a trend reversal, opening the possibility for a new upward trend.
Third resistance level: 73,300.00
A resistance level on the daily chart, a strong resistance zone that is difficult to break without significant buying volume.
Support Levels
First support: 67,000.00
A key short-term support level, with the current price approaching this level.
If broken, it could further decline toward around 66,000.
Second support: 66,000.00
An important psychological level and support from the previous low point.
If this level is broken, it could open the door to deeper declines, testing 65,007.12.
Third support: 65,007.12
If the price breaks this level, the downtrend is likely to continue, with a target around 64,000.