Unlike the previous rapid unilateral decline, the current BTC daily chart has entered a phase of oscillation and correction that trades time for space. The $68,000 level serves as a key psychological barrier and technical resonance point, intensifying the battle between bulls and bears. The market pace has significantly slowed, and both sides are adopting a cautious stance.

From a technical perspective, the daily MACD bearish momentum histogram continues to narrow, indicating that the selling pressure since the recent high has been largely released, and the selling momentum has significantly weakened. This signal typically suggests an impending trend reversal or a mid-term bottoming process, with the bears losing dominance and the bulls gradually gaining strength.

Trading strategy: Consider entering long positions around $67,500, with the first target at $69,500. If a clear breakout occurs, the next target could be $71,000.