Bitcoin is at 69,000. Is there still room for a rally?

Since last night’s high around 72,000, it has been pressured downward, and so far it has dropped 3,000 points without looking back. It’s really tough for the bulls; our long positions are also trapped. Fortunately, our positions are light. If it breaks below 68,500 tonight, we will consider cutting losses and exiting.

For now, 69,000 has held. If it cannot effectively break below this level and continue downward, then the bulls still have hope. At this point, do not give up before dawn in the darkness. If the support breaks, strictly cut losses. Never hold on stubbornly—wait until the US stock market opens to reassess!