Oh... early in the morning, a spike above 71800 has started to shake out the market!

A breakout is imminent, but without a substantial breakthrough above 71800, it’s not a structural breakout. It’s still seen as a market sentiment rebound and correction. The bulls have strong momentum, but the bears are also very aggressive. As the long positions get back to break-even, reduce holdings, and sell off, along with short-term profit-taking by bears, the battle between bulls and bears will become even more intense.

At this point, both sides are not only fighting for power but also for conviction. #BTC