From the perspective of settlement distribution, BTC's short-term cycle remains in a pattern of repeated oscillation. Although the accumulated positions above are more concentrated, there is still some liquidity remaining in the 69k to 70k range below.

Therefore, it is more likely that the market will first test downward, completing the clearing of positions below, then quickly recover the price, and shift to further clearing upward.

In terms of operation, you can continue to patiently wait for opportunities to buy at low levels. Once this round of correction ends, the upward momentum is expected to be further released, with the target still in the 73k to 74k range. $BTC ‌#Gate上线Pre-IPOs