1. Today's News Flash: Technical Rebound and Bullish Counterattack After the Sharp Drop


$BTC Reclaims the $70,000 Mark: After yesterday's plunge to a near one-year low of $60,500, Bitcoin has launched a strong counterattack. The latest price is currently around $70,700 - $71,300. With leverage largely cleared during the sharp drop, the market is showing strong rebound resilience 📈.
• US Stock Market Impact: Overnight strength in US stocks (especially Nvidia) boosted risk appetite. As a result, crypto stocks such as MicroStrategy (MSTR) rebounded sharply by 25% after yesterday's plunge, boosting overall confidence in the crypto market 🏛️.
• $SOL Shows Strong Resilience: After leading the decline yesterday, Solana (SOL) has quickly rebounded to the $85 - $90 range. Although still significantly lower than its previous high, it has seen one of the strongest rebounds among mainstream public chains ⚡.
• Aftermath of liquidation: In the past 24 hours, a small number of short positions were liquidated during the rebound. Currently, major funds are in an observation period, waiting to see if the market can effectively hold above the key weekly level of $72,000 💥.$BTC
BTC-0,69%
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