Bitcoin rebounded from $65,000 early yesterday morning, surged to $67,000 in the early trading session, then fell into a consolidation and pullback. In the evening, it tested support around $65,200 and stabilized, followed by a strong rally, reaching a high of around $70,100. During the early hours, it maintained high-level consolidation, but the bulls failed to continue the upward momentum. Currently, it is trading around $69,100. Structurally, it remains in a wide-range oscillation pattern in the short term. Today’s key focus is whether it can effectively hold above the $70,000 level. If it faces resistance and pulls back, it is likely to return to a range-bound pattern, with support at $65,000 below. If it breaks through the $70,000-$70,500 resistance zone with increased volume, the next target could be further up to $71,500-$72,200.
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$BTC
Bitcoin rebounded from $65,000 early yesterday morning, surged to $67,000 in the early trading session, then fell into a consolidation and pullback. In the evening, it tested support around $65,200 and stabilized, followed by a strong rally, reaching a high of around $70,100. During the early hours, it maintained high-level consolidation, but the bulls failed to continue the upward momentum. Currently, it is trading around $69,100. Structurally, it remains in a wide-range oscillation pattern in the short term. Today’s key focus is whether it can effectively hold above the $70,000 level. If it faces resistance and pulls back, it is likely to return to a range-bound pattern, with support at $65,000 below. If it breaks through the $70,000-$70,500 resistance zone with increased volume, the next target could be further up to $71,500-$72,200.