Based on the current market structure, the four-hour timeframe shows a weak consolidation, with the price failing to break above the middle band of the Bollinger Bands. The rebound momentum is insufficient, and the bullish strength continues to diminish.

The downward price movement is causing the Bollinger Bands to open up, indicating an expanding channel that suggests a potential for a trending move. The MACD has formed a death cross and broken below zero, with bearish momentum bars steadily increasing, confirming a bearish trend from a technical perspective.

The 68,000 support level lacks strong buying volume confirmation and is considered a weak support. Currently, the price is at the lower boundary of the upward channel, forming a critical decision point. If weakness persists and a breakdown occurs, the lower space will be fully opened. Overall, short-term consolidation is a continuation of the downtrend, with the main movement being a downward oscillation during the daytime session.

Recommended trading strategy: Short at the 69,200-69,600 range with a target of 67,500; short at the 2,090-2,110 range with a target of 2,000.