Yesterday, after the pullback, BTC rebounded with a corrective trend. Although prices showed upside testing, they failed to effectively break through key resistance above, with overall upside momentum clearly insufficient. Currently, price has pulled back to around the 70500 level, where bulls and bears are locked in a stalemate. The trend shows brief stabilization during the pullback process. If today's price can close positive again, we could expect further upside testing of resistance areas. Key focus should be on the previous high of 71300—once this level is effectively broken and stabilized, the current sideways pattern will likely be broken.

On the 4-hour level, an evening long lower shadow formed, with strong buying support around 69000 in the short term. The daily chart has closed positive for three consecutive days, but the high-level doji that formed early this morning is a signal that needs careful attention in the short term. This pattern often signals upcoming correction pressure for prices in the near term. Overall, after the breakout, high-level price stagnation is evident, short-term pullback and consolidation needs are increasing. Recently BTC maintains a wide-range sideways movement, and this pattern will likely continue. Operationally, we still maintain a preference for shorting at high levels.

This morning's BTC operation strategy: Short directly at 70500-2071000. Target around 69000. ETH operation strategy: Short directly at 2080-2120. Target around 2020.

Follow Moyan, focusing on contract spot ambushes. The team still has positions available—get on board quickly#币 $BTC $ETH