Early Morning Analysis

The price has stabilized above the MA7 moving average (68514), indicating the continuation of the short-term bullish trend. The MA30 moving average (67424) provides strong support.
After touching 69480 at a high level, the price slightly retreated and is now consolidating around 69000. The KDJ indicator is in the overbought zone, so caution is needed for a short-term pullback. Key support: 68500, key resistance: 69500. If the previous high is broken, there is potential to challenge the 70000 level.
The Federal Reserve's rate cut expectations remain, and the weakening dollar provides support for the crypto market.
Net capital inflow is significant. Although large main force sell-offs are present, overall bullish sentiment remains strong. After short-term consolidation, there is still upward momentum.
Trading Suggestions: For long positions, wait for a pullback to around 68000 for a low buy, targeting 69300-69500; for short positions, consider a light short above 69300 with targets at 68000-67000.
These levels are for reference only; specific trading guidance should follow actual market conditions!