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Sideways Cycle: The market is currently in a consolidation phase or moving sideways(sideways) after some quite extreme price fluctuations a few months ago.
Support & Resistance Wall: The $66,000 level on Bitcoin becomes a very crucial support area(support) that traders are closely monitoring. If this threshold is broken downward, there is a risk of further correction. However, if it can hold and bounce back, the nearest resistance target is around $70,000.
Macro Factors: Volatility that affects investors is caused by global liquidity conditions and highly dynamic monetary policies.
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