After midnight, Bitcoin completed a correction structure following a period of oscillation and pullback. The price failed to consolidate above 69,000 and gradually came under pressure, with short-term moving averages losing support. The bearish momentum was concentrated and released, with a quick dip to around 67,000 to complete liquidity replenishment. During the pullback, some long positions experienced floating losses or stop-losses amid increased market sentiment, but I want to emphasize—oscillating markets are meant to cleanse uncommitted positions. If a single pullback causes doubt about the trend or strategy, it fundamentally reflects issues with risk control and execution, not the direction itself. Truly mature trading is not about avoiding volatility but about confidently executing plans at structural support levels. Subsequently, buying interest at lower levels strengthened, and the price gradually recovered the 68,000 level. Bearish momentum waned, and the market completed a rhythm shift of “volume-driven dip—sentiment release—technical repair,” with the overall bullish structure remaining intact without substantial damage.

From a technical perspective, the 4-hour timeframe remains within a range-bound oscillation, but the 67,000 zone has formed a strong support level, representing a previous area of dense trading and chip exchange. On the 1-hour chart, the MACD shows a bullish crossover below the zero line, with the momentum histogram continuously shrinking and turning red. The RSI has re-entered above the 50 threshold, indicating short-term bullish momentum is recovering. Short-term moving averages are beginning to turn upward, and the price is once again trading above the MA30 and the middle Bollinger Band, confirming the validity of the correction structure. The first resistance is at 69,000, with a strong resistance at the 70,000 mark; the first support is at 68,000, with the core structural defense at 67,000. A decisive break below 67,000 would test the 66,000 area. Multi-timeframe resonance suggests the current structure is more inclined toward a rebound continuation after a pullback. Therefore, the trading approach is clearly bullish—maintain long positions as long as the price stays above 67,000, follow the trend with low buy entries, and target 69,000 and 70,000. Avoid ambiguous or hesitant trades.