The Bitcoin white plate stabilizes and rebounds around 71,700, facing pressure and oscillating after touching 73,600. In the evening, the market accelerated downward to around 70,800 before rebounding, currently trading near 70,800.

From the current market situation, the evening pullback and breakdown still represent a technical deep correction and not a trend reversal. After losing the 72,000 level, the bulls' short-term momentum has weakened, and the hourly chart is attempting to consolidate, with the strength to be observed. The four-hour Bollinger Bands are converging upward, with previous pullbacks supported at the middle band. The overall upward structure remains intact, and the strategy remains to hold a low-long position overnight.

Bitcoin retraced to around 70,300-69,500, with an upward target of 72,800-73,800.
The altcoin retraced to around 2,050-2,000, with an upward target of 2,150-2,230.