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Bitcoin is currently supported near 69,000 and is consolidating overall within the 69,000-70,000 range.
The rebound will first look at whether the 70,000 level can be effectively broken through. After standing firm, the market is expected to continue the rebound, with the first target resistance around 71,500.
The key pivot point between bulls and bears in this round of price action is at 71,500. Only by standing firm at this level again will there be an opportunity to officially turn bullish and launch a second surge higher. Tonight, focus on monitoring this resistance level.
If the rebound momentum is weak tonight and even 70,000 cannot be broken, be alert to wick formations pulling back and a second test down.
Long traders can patiently wait for pullback opportunities and watch support levels near 68,300, 67,000, and 66,000 in batches.$BTC #Gate13周年全球庆典