Bitcoin and Altcoin Afternoon Analysis:

In the morning, Bitcoin quickly dropped after once again surpassing the 70,000 level,
This breakout was a false move driven by news, triggered by short-term geopolitical optimistic comments, not a trend reversal signal.

Never chase the market with a rookie mentality—overall market sentiment remains weak, and the bearish outlook stays unchanged.

From a technical perspective:

The 70,000 level was pushed up and then fell back, forming a long upper shadow. Multiple attempts to test and create a false breakout pattern induced false optimism. The recent high points are gradually declining, and the upward structure has been completely broken, with heavy selling pressure and panic exits above.

Bitcoin around 70,500: short position targeting around 67,500. If it breaks through, look further down to 65,500.
Altcoins around 2,060: short position targeting around 1,950. If it breaks through, look further down to 1,850.