3.2 Morning Analysis Weekend market liquidity is weak, with prices pulling back from the high of 71077.7. The 1-hour level has broken below the short-term moving average group, with the moving average turning downward to form a bearish alignment. The 70400-70600 zone above constitutes strong resistance. After consecutive large bearish candles, the rebound lacks strength, bearish momentum continues to release, current price is approaching 70100, Bollinger Bands opening downward with a clear downtrend. Operationally, it is recommended to establish short positions on rallies, with short-term targets looking toward below 70000. Weekend volatility may amplify—pay attention to risk management. Operation Suggestion: 70600-71100 SHORT, Target 68600-69100.$BTC $SOL

Coinworld News: According to a tweet from Wu Blockchain, a VanEck report shows that the Bitcoin options market is displaying significant defensive characteristics, with premiums paid by investors for downside protection reaching an all-time high. The put/call open interest ratio has risen to 0.84, the highest level since June 2021. Historical data indicates that similar options skew typically appears at cyclical lows, with corresponding Bitcoin average gains of approximately 13% over 90 days and 133% over 360 days in the past six years.

Bitcoin price has been consolidating around $70,400, with analysts pointing out that during historical periods such as the 2026 US midterm election year, Bitcoin tends to display weak performance. Research from XWIN shows that in past election cycles (2014, 2018, 2022), Bitcoin prices experienced declines exceeding 60%, typically coinciding with broader bear markets, followed by rebounds exceeding 50%. The company has made predictions for market movements in 2026, ranging from short-term bear market rebounds to prices potentially recovering to a range of $75,000 to $95,000, depending on the clarification of regulatory policies post-election and capital inflows into spot ETFs.