#CanBitcoinReclaim$70K? Gate Plaza | 2/27 Today's Topic: #BTC能否重返7万美元?


After the seismic shock of the lawsuit, a familiar pattern has broken—our once-predictable "10 o’clock dump" has gone silent. BTC now hovers around $67K, but this could be a crucial inflection point. The question everyone is asking: can BTC break back to $70K and sustain a rally?
Let’s go deep:
1️⃣ Is the lawsuit responsible for the "10 o’clock selling" disappearing? There’s a strong case. Previously, institutional traders used that precise time to offload large positions—creating a repeated wave of downward pressure. Now, with legal uncertainty hanging over the market, those automated or reactive sell-offs may be on pause. If that’s true, we could be seeing a reset—a vacuum that allows bulls to step in and build momentum.
2️⃣ What resistance level must break for a $70K breakout? We need to watch $68,500. This is a pivotal technical level—if BTC closes above it with solid volume, it will trigger stop-loss liquidations and draw new buyers, pushing us toward $70K. Historically, once BTC breaks a key resistance with momentum, $70K often follows quickly. Watch for a daily close above and volume expansion.
3️⃣ Should you buy now or wait for a breakout? This depends on your risk appetite. If you believe in a sustained rally, dollar-cost averaging now could build a strong position, especially if we hold above $67K. But if you prefer a safer entry, waiting for that volume surge at $68,500 could give you a clearer, less risky entry. In any case, keep a close eye on volume—this is not just a price move, it’s a potential trend shift.
This is a defining moment—BTC is at a crossroads. If we cross $68,
BTC-2.02%
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)