Since yesterday, Bitcoin has experienced a strong surge driven by market sentiment, reaching a high of around 70,500, but it failed to stabilize above that level. The key resistance above remains significantly suppressing the upward movement.

This round of rebound is mainly driven by external news and emotional optimism, not a trend reversal. As positive news is digested and funds return to rationality, bears are likely to regain control. Overall, it is still a technical correction within a downtrend, with poor sustainability of the rebound. The larger pattern remains bearish, and there is still room for retracement in the future.
Trading suggestions:
BTC: Range 70,600-71,200, targets 69,000, 67,500
ETH: Range 2,060-2,080, targets 2,000, 1,980