On the four-hour chart of Bitcoin, it seems to have shown a stabilization and rebound trend. The upper level of 72000 has been under pressure twice, forming a strong resistance level, and the bulls have been unable to achieve an effective breakout. From the indicator perspective, the KDJ indicator has reached the edge of the overbought range, and the risk of the three lines turning down continues to rise; although the MACD red bars are still expanding, the upward momentum has shown a clear marginal decline. Below, it is crucial to pay attention to the support strength at the 70000 integer level. If this position breaks, it will further test the 65000 range.
Bitcoin: short near 71500-72000, target 70000, 69000, 68000.
Altcoin: short near 2100-2150, target 2000, 1950.
