Currently, Bitcoin's price is in a correction after a rally.

The key support level is at 68,254. Previous pullbacks did not break below this level; instead, a strong hammer candlestick formed. This signals that buy orders below are very aggressive. Although the bears are trying hard to push the price down, they can't succeed, and ultimately the bulls pushed it back up, indicating a strong desire for a bullish reversal.

Subsequently, the price rebounded to 69,159 but couldn't break through, forming a shooting star candlestick. This indicates that there is also significant resistance above. 69,159 is currently a strong resistance level.

Interestingly, the price tested the 68,254 support level several times afterward, even probing deeply, but each time the closing price after the bottoming was higher.

So, the current situation is $BTC : a tug-of-war between 68,260 and 69,160. If the price can break through 69,160 strongly, then attention should be paid to the 70k level, which could be broken and lead to higher gains. If it fails to break through, the price will continue to fluctuate within this range until a clear direction is established.

Another point to note is that if the 68,254 support is effectively broken, this upward trend will be invalidated. The next key level to watch is 67,313—if that also breaks, the short-term market will turn truly bearish.