Bitcoin should focus on the key level of 70100 today. As long as it holds firmly above this price level, a rebound will be initiated on the 1-2 hour timeframe. Upside resistance levels to watch are 71450, 72540, and 73530 in succession.
If the 1-2 hour level breaks below 70100 today and the rebound is weak, it indicates that this round of small-level rebound has ended, and the market will continue to probe lower. Downside support levels to note are 68770, 67330, and 65590.
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