Bitcoin failed to break through the key level at 69200, the W pattern invalidated, and the bullish momentum is insufficient. The market has reverted to a weak structure.

The support levels tested multiple times are weakening, and 68400 is no longer safe. A retest is likely to break below again, seeking stronger buying interest downward.

Trading strategy
• Weak rebound: Focus on shorting, do not chase longs

• Break below 68350 to open downward space, look at 67000–66200

During the New Year's Eve market, keep positions light, strictly cut losses, and avoid holding through the drop.