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$BTC Bitcoin Technical Analysis:
1. The 70500 level is the Fibonacci 0.5 retracement of the last upward move + the daily EMA21 on the 1D chart + the previous resistance level (which has now turned into support) + the POC of the last upward move, so it is normal to find some support at this level; but as the saying goes, support is meant to be broken; (Figure 1)