Bitcoin is temporarily supported at 70,500 and consolidating at this level. The specific movement will determine whether it follows a declining trend to find support levels or forms a triangle breakout pattern. Tomorrow should provide corresponding results. If it breaks above 72,550 and subsequently dips without breaking that level, only reaching the gap position, it will be a triangle breakout pattern. If it repeatedly breaks to new lows with a downward move of around 1,000U in a channel, seeking support levels, then from a weekly K-line perspective, the extreme support level to reference is 65,900.
Bitcoin is temporarily supported at 70,500 and consolidating at this level. The specific movement will determine whether it follows a declining trend to find support levels or forms a triangle breakout pattern. Tomorrow should provide corresponding results. If it breaks above 72,550 and subsequently dips without breaking that level, only reaching the gap position, it will be a triangle breakout pattern. If it repeatedly breaks to new lows with a downward move of around 1,000U in a channel, seeking support levels, then from a weekly K-line perspective, the extreme support level to reference is 65,900.