Bitcoin is currently supported around 69,000, with the overall market oscillating within the 69,000-70,000 range.
The rebound should first focus on whether the 70,000 level can be effectively broken through. After stabilizing, the market is expected to continue its rebound, with the first target resistance around 71,500.
The critical dividing line between bulls and bears in this round of market movement is at 71,500. Only by stabilizing at this level again will there be an opportunity to officially turn bullish and launch a secondary surge. Key attention should be paid to this resistance level
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