⚠️Only market replay, not investment advice
BTC violently rebounds intraday, with the highest push toward the 70,000 level; the 24h gain is close to 8%. This rally is mainly driven by short-squeeze and ETF fund inflows, with the market broadly rising across the board.
Technically, the short-term has entered an overbought condition, and there is a need to pull back to digest profit-taking.
Key levels:
Resistance: 70000; Support: 66600, 64200
For now, this is only regarded as a strong rebound; the trend has not fully reversed yet. After a big surge, volatility has spiked, so be extremely cautious with leverage.
#BTC
BTC violently rebounds intraday, with the highest push toward the 70,000 level; the 24h gain is close to 8%. This rally is mainly driven by short-squeeze and ETF fund inflows, with the market broadly rising across the board.
Technically, the short-term has entered an overbought condition, and there is a need to pull back to digest profit-taking.
Key levels:
Resistance: 70000; Support: 66600, 64200
For now, this is only regarded as a strong rebound; the trend has not fully reversed yet. After a big surge, volatility has spiked, so be extremely cautious with leverage.
#BTC