Brothers, Bitcoin just broke through 70k, let me break it down for you!

Bitcoin is now at 69,400, and we just broke through the 70k level. Overall, bears are still in control, but after such a big drop, a short-term bounce is definitely coming.

Looking at the daily chart, the trend is weakening, with the moving averages pressing down hard. Below, there's strong support at 68,000. For a rebound, we first need to see if we can get back above 70,500. If we can't hold there, we'll need to sell off further.

On the 4-hour, it's a clear descending channel. Don't get your hopes up too much on rebounds—the key level is 70,500. If we break 68,500 again, it'll drop even faster.

The 1-hour level has dropped too much and needs to recover. There's demand for a short-term bounce, but it only counts if we break above 70,500. If we can't get through, after the bounce we're back to selling.

The main trend is still bearish. You can catch a short-term bounce, but keep an eye on the 68,000 support and 70,500 resistance. Play it safe and wait for clarity on direction before making moves—don't rush in!

I'm picking 5 brothers in the comments—5U each!