Bitcoin surged to the 70,000 level yesterday early morning but faced resistance and pulled back. In the short-term trend, the pressure around the 70,000 range remains quite strong. Currently, the four-hour chart shows the price around 68,000. This morning, the overall trend is in a rebound phase after the early morning decline. However, on the four-hour timeframe, the indicators have not shown significant bullish volume expansion, with the KDJ three lines continuing to move downward, and the MACD indicator's bullish momentum remaining in a shrinking phase. I expect that if the price cannot solidly stabilize above 68,000 during the daytime, it will continue to test the four-hour midline support level downward.