The evening Bitcoin continues to decline, falling from yesterday's high all the way down to around 68,200, with a low touching 68,100. Although the overall market remains bearish, technical indicators show signs of overselling in the short term — the 1-hour RSI has dropped to around 25, entering the oversold zone, indicating that the bearish momentum has been excessively released in the short term. There is a technical correction demand in the market, and if a reversal signal appears later, a rebound from oversold levels could happen at any time.

In terms of support levels, the 68,000-67,800 range is the lower end of a previous high-volume trading zone and also the location of the lower band of the 4-hour Bollinger Bands, making it an important technical support zone. When the price approaches this area, the resistance for further downward selling by bears will increase, and bulls are likely to organize a counterattack based on this level. Additionally, pay attention to volume changes; if a decline is accompanied by decreasing volume, or if the price consolidates at low levels and suddenly surges with increased volume, it often signals a short-term bottom and a rebound.

Overall, although the current trend is bearish, it is not advisable to continue shorting near 68,200. The short-term oversold condition combined with key support nearby could trigger a technical rebound at any moment. Currently, I am holding a wait-and-see stance, focusing on the support strength around the 68,000 level. If a volume-driven stabilization signal appears, consider a light long position. #GateforAI重磅上线 $BTC