BTC continues to fluctuate within a wide range. When will the consolidation and trend reversal end?
1. Daily chart: Currently, the highest rebound point is near 74,000, at the 0.618 Fibonacci retracement level in Chart 1. Recently, the rebound high has decreased to below 72,000, with trading volume slightly shrinking; it is expected that there will be further wide-range fluctuations, and around the 17th, a third rebound high may occur below 72,000.
2. Order book: The amount of sell orders has started to show larger sums, but the volume is not stacking up and no large sell orders are continuing
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