3.6 Bitcoin Morning Analysis: From the 1-hour chart, the price has declined from the high of 74046.5 to 70836.0, then consolidated within a narrow range around 71000, with a volatility of 0.86%. The market has entered a correction phase. The previous upward trend has been broken, and currently, it is a period of technical correction and pullback confirmation. The battle between bulls and bears is concentrated in the 71000-71500 range. The market clearly signals a bearish trend: consecutive bearish candles at high levels confirm the start of bearish momentum. The rebound is only a correction, not a trend reversal. 71000 is a short-term key support level. If it is effectively broken, it will open the downside space, with potential targets at 70000 and even near 68000.

In terms of trading strategy, follow the bearish trend. In the morning, focus on shorting after rebounds. It is recommended to enter BTC around 71800-72500, with initial targets at 70200, and if broken, look towards 69000. Be patient and wait for resistance levels during rebounds, and strictly set stop-losses to prevent market disturbances from news.