The intra-day Bitcoin price has shown a trend of bottoming out and rebounding after a period of oscillation and downward movement. During the white trading session, the price repeatedly fluctuated around the 69,000 level, failing to break through the 70,000 mark after multiple attempts, gradually coming under pressure. In the afternoon, it broke below key moving average support, releasing bearish momentum, and the price quickly dropped to around 66,080. During the retracement phase, some long positions that had been set up in advance experienced slight unrealized losses or stop-losses amid increased volume, which is a normal fluctuation and emotional shakeout during trend operation, not a structural reversal to bearish. The real issue is not whether there is a retracement, but whether support levels and risk control are strictly adhered to. In the evening, buying support strengthened at lower levels, and the price quickly rebounded and reclaimed the 68,000 level. The entire day completed a rhythm shift of “breakdown shakeout—emotion release—technical repair,” and the overall bullish structure has not been broken.

From a technical perspective, multi-timeframe resonance should be considered. On a smaller scale, a double bottom pattern has formed at 66,080, with a moving average golden cross and the lower Bollinger Band flattening and turning upward; on the 1-hour chart, the price has re-entered above the MA30 and the middle Bollinger Band, MACD histogram shifted from negative to positive, and momentum has clearly recovered; on the 4-hour chart, although in a consolidation zone, the 66,000 region provides strong support, with the MACD death cross shrinking and bearish momentum waning, RSI has returned above the 50 threshold indicating strength; resistance above is concentrated at 68,600-69,000, with strong resistance at the 70,000 level; support below is at 67,800, with core structural support at 67,200, and next at 66,000. The multi-timeframe structure leans toward a continued rebound, so current trading strategies can focus on long positions. #加密市场反弹 $BTC