Bitcoin has been repeatedly sawing back and forth around the 70,000 level recently, with intense competition between bulls and bears, and no clear directional bias at the moment. Daily momentum on the downside has weakened somewhat, however the strength of bullish counterattacks is insufficient, maintaining an overall range-bound consolidation pattern with both upside and downside limited by the interval. Before breaking through the range, maintain a consolidation trading approach and avoid chasing rallies or panic selling.

Trading approach:
The strong resistance zone intraday is 71,500-72,000. On rebound weakness, consider scaling into short positions in batches, targeting 69,000-69,500. If effectively broken below, could further target 67,000 and 65,600. Be sure to set strict stop losses and trade prudently.

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#加密市场回涨 $BTC