AAnMinghuang

Bitcoin 68,000 remains a lifeline support level, while 71,000-72,500 above is a welded pressure wall, and only a solid hold at 71,000 counts as a true rebound.
From a technical perspective, the hourly chart has adjusted nearly sufficiently, but the Bollinger Bands are narrowing with the upper and lower channels hovering within a 1,000-point range. The current approach remains focused on buying into pullbacks.

Bitcoin has fallen quite a bit today, so we can go long on a small position first.
Bitcoin 69100-68500, start going long from here, looking at 70500-71000 nearby on the upside first, keep a supplementary position on the downside, Ethereum following along.

Bitcoin has been forming small bullish candles on the 4-hour chart, oscillating upward with a gradual rise in lows, indicating a clear bullish recovery trend. The MA5 has crossed above the MA10, initially forming a bullish alignment. The MACD has generated a golden cross above the zero line, with red bars continuing to expand, further enhancing bullish momentum.
The trading approach mainly focuses on buying low and shorting high as a supplementary strategy. The short position at 70,500 taken at 0:00 has already been closed below 70,000. Currently, holding long positions around 70,000, with tar

Bitcoin remains in a range-bound oscillation on the hourly level, with insufficient rebound momentum. In the short term, it shows a pattern of sideways decline. Focus on the resistance at 72,000 and watch the support at 69,000.
Asian session strategy:
Buy near 69,500-70,000 on Bitcoin's pullback, targeting around 71,000-71,800, with the same approach for altcoins.
Sell near 71,800-72,300 on Bitcoin's rebound, with support around 70,000-69,500.

Overnight short position at the highest point of 69,500, this morning at 8 am the market opened and also dropped to 68,300. This is a reminder to all the onlookers to consider exiting and clearing their positions. Subsequently, the internal direct channel almost reversed and added long positions, and there was a reminder that the price might rebound to around 71,300.
In the European session, Bitcoin also directly reached around 71,000, which is about 300 points away from our target of 71,300. Since the rebound from 60,000, Bitcoin has now rebounded above 70,000 for the fifth time. The more it