Bitcoin started a slight rebound from the previous low of around 62,400. Yesterday morning, it gathered strength from around 63,800 to push higher, reaching a high near 66,200 before pulling back. It maintained a consolidation pattern at midday, retracing to around 64,700. In the evening, the market gained momentum again, rising strongly and testing near 69,900 before facing resistance and pulling back. The lowest point this morning was around 67,500, and it is currently fluctuating around 68,000. On the daily chart, Bitcoin's overall downward channel has not been effectively broken, with 71,500 acting as a strong resistance level. Multiple attempts to test this level have resulted in quick pullbacks, indicating clear selling pressure above. The current rebound lacks sustained volume, making it difficult for the price to firmly establish itself at high levels. If it cannot break through the key resistance zone, the market is likely to weaken again under pressure. In the short term, the market remains in a state of oscillation and correction, with fierce battles between bulls and bears, and no substantial trend reversal. Trading advice: stay cautious, focus on key resistance levels above, mainly consider short positions on rallies, strictly control position sizes and stop-losses, and avoid blindly chasing long positions.