BTC declined yesterday without a prior surge, which is related to the US stock market/A-shares. The sentiment from the secondary market has transmitted to the crypto circle. More damaging to market sentiment than the drop is that altcoins did not see significant gains during the first half of the week when BTC surged. Last night, they also fell back. As of the time of this report, BTC price is 69390.

2. Observing BTC from a 4-hour perspective, the three-line bullish arrangement remains unchanged, so the nature of the decline is simply a pullback, and there is no need to worry. There won't be a one-sided drop here; the pullback presents a bullish opportunity. Currently, the daily K-line shows a large bearish candle, and stability will require a day of waiting. When the 4-hour MA5/MA7 turns upward, the market will move bullish, and next week will still see a rebound upwards.

3. ETH has been oscillating between 2450 and 2722 for 3 months. This 10% range is the bottoming phase. There is almost no space for a weekly decline. Most quality coins have a price basis suitable for dollar-cost averaging. When to rise and to what extent will be left to time.

4. There is no significant debate on the broader direction; the short-term influencer of the market is the upcoming election. The spot market APE/ALPHA/STORJ is expected to have a second wave next week. For contracts, the cost-effectiveness of going long after a decline is high. Tonight, the US will announce non-farm payroll data, so pay attention to the opportunity for low entry. BTC's short-term resistance level is 70690 ~ 71110, and BTC's short-term support level is 68280 ~ 67550.