The current market shows a sideways upward trend on the 1-hour timeframe, with prices moving within an ascending channel. Currently, the price is near the middle of the channel, with bullish and bearish forces relatively balanced, but the overall structure remains bullish. The short-term sideways, slightly bullish structure will not be broken. It is recommended to go long around 67,000 and 66,500, with the initial target at 69,000, and a breakout to 72,000.

Last night into early morning, Bitcoin showed a relatively strong trend. After surging to around 68,600, it faced resistance and pulled back, finding support around 67,300 to stabilize and rebound. It then oscillated upward and is currently back above the 68,000 level, consolidating and moving higher. From a technical perspective, this rebound at midnight is more of a technical correction. Although the price tested and held above the 68,000 level multiple times, it remains a small-scale rebound correction and cannot change the overall major trend. The four-hour chart shows that since the peak at 76,000, Bitcoin has experienced multiple similar rebounds with gradually weakening momentum. Although there was a slight breakout this time, it did not reverse the medium-term downtrend, so the overall outlook remains bearish. #币圈##以太坊eth##Bitcoin BTC#区块链