Current Market Structure and Trend Analysis

Short-term (1-7 days): Consolidation at lows + weak rebound attempt. Prices fluctuate within the 68k-72k range, indicating a bottoming phase or continued accumulation before a decline. RSI oversold + MACD narrowing in negative territory suggest a potential rebound window, but trading volume has not significantly increased, lacking strong buying confirmation.
Medium-term (1-4 weeks): Still leaning bearish. Most platforms categorize the trend as Strong Sell or Sell, with a downward trend channel. Breaking below 69,000 could open up more downside space.
Long-term perspective: Still within a larger cycle correction wave (some analysts consider it Wave 4 correction in a bull market). As long as the key support zone of 60k-64k is not effectively broken, the long-term bullish structure remains intact. The potential target still points higher (but the current bottom formation needs to be completed first).
Trading Recommendations (for reference only, not investment advice)
Aggressive short-term: Consider buying the dip around 68,500–69,500, with a rebound target of 71,000–72,000, and strict stop-loss below 67,000.
Conservative strategy: Wait for clear stabilization signals (such as daily close above 73,000 with volume) before considering long positions, or observe stronger support around 64k–65k.
Risk Warning: The current macro environment (interest rate expectations, capital outflows, etc.) still suppresses risk assets. Cryptocurrency markets are highly volatile and may experience rapid downturns at any time.