The intraday Bitcoin repeatedly tested and stabilized above the 71,000 level, attempting to hold steady at this threshold, but was repeatedly pressured to fall back; in the evening, the price continued to decline towards the 68,000 level.

From the current market situation, the four-hour upward channel has been broken, and the market has experienced three consecutive bearish sessions with a pullback. Trading volume has decreased in tandem with the decline, and the key support at the midline has been lost, causing the price to return to the previous oscillation range. On the hourly chart, the oscillation center has gradually shifted downward, and after multiple tests of support, the market has transitioned into a choppy consolidation phase, attempting to stabilize and recover; however, approaching the weekend, market trading sentiment is relatively subdued, and the rebound momentum is insufficient to generate a strong upward surge. Additionally, after this evening’s decline, market sentiment is more easily amplified and guided, leaving room for further short-term pullbacks. Therefore, during the midnight hours, it is important to focus on support levels below and adjust trading strategies accordingly, primarily favoring short positions with the trend.

Bitcoin rebounds near 68,500-69,300, with support at 66,380-65,000.
Altcoins rebound near 1,980-2,030, with support at 1,880-1,800.