Afternoon BTC Analysis

1. Price Movement
- Price rapidly dropped from the intraday high of 74246.2 to the low of 69421.1, then oscillated and consolidated in the 69500–70200 range, showing a typical weak recovery pattern after a sharp decline.
- After a long bearish candlestick on the 15-minute level, multiple small candlesticks are consolidating horizontally, indicating that bulls lack strength for a counterattack and bears remain dominant.

2. Funds and Sentiment

- Net capital outflow of -1.157 billion, open interest of 6.246 billion, indicating panic selling in the market with some capital exiting for risk aversion.

- Bearish Strategy:

1. If price fails to hold above the 69500–70200 resistance zone during the rebound, consider following up with light short positions, targeting the previous low of 69500; if broken, watch the 69000 support level.

2. Stop loss can be placed above 71000 to avoid unnecessary losses from false breakouts.

- Key Reminder:
Currently in a sensitive period after the sharp decline, volatility will be extremely severe#TradFi首创多倍杠杆