$BTC

Bitcoin continued the downtrend from the previous day (Sunday) in early trading yesterday, persisting in its decline and testing support at the 67,300 USD level. Subsequently, the daytime overall fell into a consolidation range with relatively stable movement. In the afternoon, driven by news factors, the market experienced a sharp rally, quickly rising from around 68,500 USD and breaking above 71,500 USD at its highest, demonstrating a strong short-term rebound. Entering the evening to early morning session, the market returned to stability, maintaining a minor consolidation pattern. From the current technical structure perspective, the high-level oscillation range has clearly narrowed, with volume continuously weakening within the 4-hour channel. Combined with recent overall market volatility characteristics and volume performance, in the short term, the market will likely maintain oscillation and consolidation within the 4-hour channel's narrow range, with no clear single-directional trend signal. Key attention should be focused on volume changes and breakthrough situations at critical support and resistance levels.
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