Morning Bitcoin Analysis

Yesterday's market moved upward in a single trend, with the 70,000 level providing effective support! This morning, it reached near the 73,000 level.

During the early hours, it retested again, still influenced by the U.S. market. Today, there are CPI data releases, and there are also developments on the Russia-Ukraine front. Under the low sentiment in the early trading session, the short-term market entered a consolidation phase, with the upward move to 73,000 not continuing. The bulls still appear somewhat weak, so the next step is to watch for a retest of the 70,600-69,600 support zone before considering short-term longs!

Suggestion: Trade around 72,500-73,000, watch for support at 70,500-70,000, and consider long positions if it dips to 73,200.