Daily level: Price breaks through the middle band of Bollinger Bands and the 70K round level, medium-term weakness, short-term bearish trend established. 4-hour cycle: The chart shows a double-top formation, rebound highs declining, three consecutive bearish K-lines, volume contraction, upside pressure increasing, MACD green histogram expanding, bearish trend strengthening, downtrend confirmed. News fluctuations cannot change the technical breakdown; it is recommended to focus on rebound highs for subsequent market movements, strictly control stops with tight stops, and follow the trend accordingly.