Big Bitcoin Afternoon Analysis
From a chart perspective, Bitcoin surged to 71,787 in early trading and then pulled back. Currently, it's oscillating narrowly in the 70,000-71,000 range. Short-term moving averages have turned downward, with price under significant pressure, and bulls and bears are in a deadlock.
On the technical side, the 70,000 round number is a key support level. A decisive break below will open downside space. Resistance above is concentrated at 71,000, requiring volume to break through to reverse the weakness. Indicators show narrowing volatility, with KD in a neutral-to-lo
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