BTC's current trend still remains above 69,000. After a quick dip to 682,000 in the early morning, it quickly recovered. At present, there is still significant airdrop liquidity clearing above 70,000. The current position is very prone to triggering a false breakout, leading everyone to believe the market is very strong and won't fall. Many go long, causing the market to rise for a while, then suddenly turn downward. This kind of bait-and-switch move is very classic.

So everyone should continue to observe. Even if a breakout is confirmed, it's not too late to go long. The resistance level around 70,000 still exists. The market is gathering both long and short positions at this level, and it all depends on how they decide to push it down.