#我在Gate广场过新年 BTC Market Analysis

Bitcoin is currently priced at $69,184.2, down 0.95% intraday, showing a short-term correction trend. From a time perspective, Bitcoin has declined 5.40% over the past week and 23.92% over the past month, indicating it remains in a medium-term downtrend. The 52-week trading range is $60,187–$126,186, with the current price near the lower end of the range. The 24-hour trading volume is $4.103 billion, maintaining high market activity. Technical indicators show a typical bearish alignment, with all moving averages trending downward. Attention should be paid to the intraday support at $68,779.

Technical Outlook
Bitcoin is in a typical technical bear market phase, with all moving averages aligned bearishly. The daily MACD remains below the zero line, and the RSI reading of 42.5 indicates it has not yet entered oversold territory.

Key Support Levels
Watch the previous low at $68,800; a decisive break below could accelerate the decline. Resistance is at the psychological level of $70,000.

The weekly chart shows a "three consecutive bearish candles" pattern, and the monthly chart has broken below the 20-month moving average, indicating a clear weakening of the medium- to long-term trend.

In terms of volume, recent declines have been accompanied by increased trading volume, suggesting capital outflows. Investors should remain cautious of further pullback risks.