$BTC From the current market structure, after the daily chart produced three consecutive bearish candles, prices are currently consolidating around the midline zone, which represents a typical adjustment rhythm since the decline began. Today's candle shows a cross star with a long upper shadow, indicating clear upward pressure during the rebound process. Although the overall price remains within an uptrend channel, the pullback has not confirmed a halt to the decline, and there remains potential for further downside exploration.

From an indicator perspective, the MACD dual lines maintain a sticky state above the zero line. If a death cross forms subsequently, it may trigger a new round of adjustment trends. Currently, there are no obvious bottom divergence signals, suggesting that bearish momentum has not been fully released, and the adjustment is likely incomplete. Under this structure, continuing to monitor tests of support zones below represents a more reasonable approach.

From the four-hour chart, although there was a rebound during the session, it primarily represents consolidation and correction within the previous downtrend structure, exhibiting typical top-bottom conversion characteristics. The current market remains pressured by the adjustment structure, with the 69000 level representing the key short-term support to watch. If this level is tested again or broken through, it would mean the adjustment wave pattern will further extend.

Overall, the current market has not yet shown clear reversal signals, with rebounds more reflecting corrections rather than trend reversals. Before the downtrend adjustment structure is broken, the approach should maintain a stance of consolidation with a downside bias, awaiting further clarification of the terminal structure.#Gate13周年全球庆典