Bitcoin is currently quoted at 70900, and many friends are struggling with a question: after consolidating around 70880 for so long, should we bottom-fish or continue shorting? Let me clarify the core logic.

Since the rally from lows, Bitcoin has failed to escape the major downtrend from the earlier decline. Current narrow-range consolidation is merely a brief pause after extensive selling, not a signal of trend reversal.

The MA60 moving average above continues to exert downward pressure, and multiple bullish attempts to push higher appear weak, with rebound momentum gradually fading. Such narrow-range consolidation is often a precursor to a turning point—the next candle could directly determine direction. Blindly bottom-fishing or aggressively chasing highs easily leads to repeated washouts by whales, so remain vigilant.

Trading recommendation: Establish short positions in the 71200-71800 range, targeting 69600-69000 below. If 68000 breaks, further target 66500. $BTC $XAUT #美国提出15项条件和谈方案 #OpenAI正式关闭Sora