Overall View


Momentum: A "V" shaped recovery is noticeable in the charts. The fact that it hasn't fallen below the $70,000 band shows that market demand is still strong.
Trading Volume: An increase in volume is observed when it rises above $71,000; this is data supporting the rise.
Expectation: If the daily close is above $71,300, the journey to $72,000 may accelerate. However, caution should be exercised against small profit-taking as the RSI indicators are approaching the overbought region.
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