BTC continued to fluctuate and adjust yesterday, rebounded to test 69850, and then fluctuated and repaired. It is still adjusting around 69500. The weekly line is still closed positive, and the retracement at the end of last week did not change the bulls' expectations! However, the weekly Bollinger Bands began to close, and it is expected to enter a long period of oscillation adjustment until the interest rate cut is implemented!

For intraday short-term, short-term bulls are strong, and the slow-paced upward momentum is strong. The short-term K-line pattern shows an upward pattern of adjustment and rise. The low point of 69000 failed to break, and the technical rebound will definitely go. The Fibonacci sequence 0.618 below supports at 68700. This price will be the focus of the support area for the big cake to step back this week!

The support below is 69200, followed by the 68700 area! It is recommended that intraday short-term can be directly long near 69200, defend 68500, and target the 70500 area. Consider shorting if the US market does not break 70500.