$BTC Last week, the market witnessed a brief breakout of Bitcoin prices at two key levels of $68,000 and $69,000, but then both encountered a pullback. After these two attempts to rise, the price saw an increase of about 500 points, immediately followed by a downward trend, which seems to be intentional, aiming to clear short positions in the market. For investors holding a long-term bearish trend, this short-term rise had little impact, as mentioned in previous articles, the breakout at $69,000 is no longer the focus of attention, and market volatility is inevitable.

In the current market with a generally bullish sentiment, although prices have indeed risen, investors will find it challenging to find suitable entry points for going long. From last week to now, whether hitting $68,000 or $69,000, the price has not formed strong support during the pullback, making it difficult for bulls to find appropriate entry points. If one blindly chases the highs, they will quickly encounter a rapid price drop, with declines even exceeding 1,000 points, which has left many bullish retail investors confused as they seek the right moment to increase their positions.

Observing today's four-hour candlestick chart, it is clear that the previously formed range resistance at $68,000 has now become a support level during the retracement. This is a reasonable entry point for bulls and an irresistible opportunity to go long.

Based on this, we can reasonably speculate that tonight's market may dip to $68,000.