Afternoon BTC Analysis

1. Price Movement
- Price dropped sharply from intraday high of 74246.2 to low of 69421.1, then oscillated and consolidated in the 69500–70200 range, showing a typical weak recovery pattern after a sharp decline.
- On the 15-minute level, after a long bearish candle, multiple small candles formed a sideways pattern, indicating bulls have temporarily lost momentum and bears remain dominant.

2. Funds & Sentiment

- Net capital outflow of -1.157 billion, open interest of 6.246 billion, indicating panic selling and some capital exiting for risk hedging.

- Bearish Strategy:

1. If price fails to hold steady above the 70500–70800 resistance zone on the rebound, consider entering short positions with light positions, targeting the previous low of 69500. If broken, watch for further support at 69000.

2. Place stop loss above 71000 to avoid unnecessary losses from false breakouts.

- Key Reminder:
Current period is sensitive after the sharp decline#TradFi首创多倍杠杆 , volatility will be extremely violent.