This week, Bitcoin has been fluctuating around the 67,300 to 72,000 range, with an overall movement of about 5,000 points, indicating a nearly bullish trend. A break below 70,000 suggests a relatively weak trend, especially considering the continuous downward decline the next day. After all, it has been trending downward day after day.

Today, the focus should be on the 68,000 support level and the 70,000 resistance level above. Intraday, it’s still favorable to look for a rebound based on the 68,000 support, and the stance remains the same. The 2060 level is also being held in the meantime.

If the US market and US stocks continue to rebound, then it might be worth considering going long above 70,000. In the short term, it’s still best to treat it as a range. $BTC