Market Perspective

Bitcoin rebounded after support at the 70.5k level; observe Monday's range for trading
After encountering resistance at 73.5k, Bitcoin declined approximately 3000 points back to the 70.5k range
However, it did not decline further nor test the Monday high of 69.5k, instead rebounding at 70.5k
Asian session on Sunday reached a high of 72k, currently back around 71.5k
CME closing price at 71.3k, therefore expected to potentially close in a narrow 71.5-71.3k range before tomorrow morning
Monday's price action will be quite key
If Monday tests 73.5k again and breaks through effectively, I believe next week will likely see continued upside, reaching the 78-81k range
If CME opens downward on Monday, then the weekend rebound to 72k is likely the high, with subsequent downside targeting the low around 66k
Once the Monday range emerges, trading can be conducted based on that range
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