The macro and geopolitical situations remain the big BOSS, and BTC's short-term resilience does not mean it is about to take off, but rather it's in a defensive state of 'unable to fall further, also difficult to rise.' The 70,000 level is being repeatedly contested, and the real direction will have to wait for the Middle East situation or macro re-pricing to settle.

Before the trend is clear, continue to focus on range thinking, do well with high selling and low buying or light defensive positions, and don't rush to go all in chasing the rise. What do you think of QCP's report?

Do you think BTC can continue to resiliently hold 70,000, or are you worried that geopolitical escalation will drive it to a new low?