As the crowd's FOMO (Fear of Missing Out) sentiment rises, believing that Bitcoin will break through the $70,000 mark, the market delivers a heavy blow, bringing people back to reason. Just as everyone starts to anticipate the arrival of altcoin season due to Ethereum's gains surpassing Bitcoin, Bitcoin suddenly drops, dragging down the performance of altcoins. The strategy of buying during market lows and selling during market frenzies has proven to be correct.

Regarding today's market analysis, from the candlestick chart, Bitcoin shows signs of stopping its decline on the one-hour chart, indicating a potential upward trend; however, the four-hour and twelve-hour charts still indicate a downward trend. If Bitcoin cannot close above $68,080 at the daily level today, it will confirm a downward trend. In the short term, Bitcoin's resistance level is at $69,600, and the support level is at $65,500.