Market review: During the midday session, Bitcoin's price fluctuated narrowly around 68,000. The bulls started to increase volume and pushed the price up to 69,300, but faced resistance and began to pull back for a correction. In our midday trading strategy, the maximum profit was achieved by exiting around 69,200, capturing a 1,000-point move. Currently, the price is around 68,600.

Based on the current market situation, on the four-hour chart, Bitcoin encountered resistance near 69,310 and continued to decline, with downward pressure persisting. The middle band of the Bollinger Bands is acting as resistance, the channel is narrowing, and the trend is leaning downward. The MACD is below the zero line, indicating that bearish momentum has not fully released. On the hourly chart, after a brief rally, the price quickly pulled back, with bearish momentum exhausted. The hourly moving averages are turning downward, with clear selling pressure at higher levels.

Trading suggestion: Bitcoin can be shorted around 69,200, with a target near 67,500#加密市场普遍上涨