A Wang An'an's Morning Analysis: BTC 4-hour cycle, the bearish structure remains, with prices facing resistance and pulling back from high levels.

Indicators are somewhat bearish, with downward momentum gradually releasing.
Key support around 70,500 has buy orders absorbing, and bears reaching their target should consider taking profits.
A volume-constrained rebound is likely here; avoid blindly shorting. Look for opportunities after the rebound.

Trading Suggestions:
Target the 71,700-72,000 range for short positions, and be prepared for a rebound when falling back to 70,800.