After volume expansion, a consolidation phase has formed, and it has now re-claimed the trend line. The support below is initially around 70,500. If this level cannot be effectively broken below, I personally believe there is still a demand for another upward push.



The major strong resistance zone is between 73,700 and 74,500. If the price encounters resistance and shows a reversal signal in this area, consider entering a short position.

On the daily chart, it is most likely to move sideways and consolidate. After the MACD momentum recovers and forms a dead cross above zero, a break below the 60,000 level may occur.
BTC-2.11%
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