This week, BTC continued from last week's 72,700 level, initially rebounding to around 76,000, then began retracing, and this morning reached a low near 68,100.



The overall market has been under pressure recently, with bulls retreating step by step, reflecting a continuation of the weak pattern. Since breaking down in early February, the market has remained within a wide-range consolidation zone, with weak rebounds and frequent downside probes becoming the norm recently.

From the daily and 4-hour timeframes, the price has shown a long lower shadow after earlier probes, and the current candle is turning positive, indicating strengthening demand at lower levels. This structure typically suggests the downside momentum is slowing, with bulls attempting to organize a corrective rebound.

Recommendation: Go long around 67,600 with an additional entry at 66,600. Target first at 70,000, and if broken above, look toward 75,500.
$BTC $ETH #Gate13周年全球庆典 #AnimocaBrands投资AVAX
BTC-2,36%
ETH-3,14%
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