From a more detailed 15-minute level, the midday trend shows a certain positive attitude, attempting to recover lost ground. However, due to insufficient momentum, actual progress is limited, and strong resistance is exhibited above the oscillation range.

Turning to the four-hour level analysis, the price is once again approaching the lower support, indicating that over a longer time frame, the market still faces some downward pressure. Meanwhile, the MACD indicator's energy bars continue to expand below the zero line, and after a death cross, it is about to run near the zero axis, further confirming that the current pullback process is not yet over.

Bitcoin: Around 69600-70000, looking down at 600-1200.