Bitcoin is currently supported around 69,000, with the overall price range oscillating between 69,000-70,000.
The rebound first needs to see if the 70,000 level can be effectively broken through. After stabilizing, the price movement is expected to continue its rebound, with the first target resistance level around 71,500.
The critical level for long/short positioning in this round of price action is 71,500. Only by standing firm at this level again will there be an opportunity to officially turn bullish and make a second push higher. Tonight's focus should be on monitoring this resistance level.
If the rebound strength tonight is weak and 70,000 cannot be broken through, beware of wicking down and a second downside test.
Long traders can patiently wait for pullback opportunities and watch for support levels around 68,300, 67,000, and 66,000 to build positions in batches.$BTC #Gate13周年全球庆典
Bitcoin is currently supported around 69,000, with the overall price range oscillating between 69,000-70,000.
The rebound first needs to see if the 70,000 level can be effectively broken through. After stabilizing, the price movement is expected to continue its rebound, with the first target resistance level around 71,500.
The critical level for long/short positioning in this round of price action is 71,500. Only by standing firm at this level again will there be an opportunity to officially turn bullish and make a second push higher. Tonight's focus should be on monitoring this resistance level.
If the rebound strength tonight is weak and 70,000 cannot be broken through, beware of wicking down and a second downside test.
Long traders can patiently wait for pullback opportunities and watch for support levels around 68,300, 67,000, and 66,000 to build positions in batches.$BTC #Gate13周年全球庆典