How do you see BTC's next price movement???

First, the big picture: We're still in a bear market overall. Whether looking at time cycles, price structure, or fundamentals, there's still one final wave of brutal selling needed before the market can truly bottom out. Without that kind of liquidation-style crash, it will be hard to see any decent rally afterward, because the chips bought at the bottom are essentially future upside pressure.

So in the near term, don't get too excited about every bounce—be especially vigilant about whether it's a new starting point for a decline. The previous two breaks above resistance were followed by pullbacks of varying degrees. This is typical bear market rhythm—they pump it up to clear liquidity, then dump it after.

BTC's last move was 4 consecutive red days on the daily chart after hitting new highs, then a bounce. This wave has already produced 3 consecutive red days on the daily, so we should watch whether another red day comes followed by another bounce.

Although we're in a bear market now, we're still oscillating within a wedge, so the switch between longs and shorts will be very quick. A bounce after consecutive declines is normal, especially since this daily-level decline left a gap vacuum between 72000-73000, which is highly likely to be filled on a price rebound later.

However, from a longer-term perspective, as long as BTC stays below 73000, the overall downtrend structure remains intact. Even if there's a bounce, it looks more like a better shorting opportunity for you.

Short-term wise, the 69500-69000 level I mentioned before does have support—it's the trendline plus the previous rally starting point. Yesterday's repeated pressure around 69000 validated this support. But if this bounce can't hold above 70700, the strength is just mediocre.

If you want to trade the bounce, and you entered around 69000 yesterday, then watch 68400～68000. This zone is the previous low reversal area and also where longs above easily get liquidated.

Overall, the current bias is still shock and bearish. Key resistance above at 73000—below here prioritize shorting higher. Short-term bounces occur on support but with mediocre strength, could test again.

Operationally, on retests of 68400-68000 you can consider trading a bounce with targets at 70700, 71500, 72800. If the bounce meets resistance around 73000, that's an opportunity to short. #加密行情震荡