Today, Bitcoin is starting to pick up volume, and it is gradually approaching the 70k mark. Currently, the market sentiment is similar to what I predicted last week; everyone knows I am quite bearish. At the moment, if it can hold steady at 70k tonight, the trend has already reversed. I still do not recommend going south; follow the trend and look for opportunities to move north.

From a technical perspective, the daily chart has re-established above the main short-term moving averages. The MACD is forming a golden cross near the zero line, with red bars beginning to shorten. If volume continues to increase, it could further boost the price ratio. Once it stabilizes above 70,000, the resistance above is around 72,000. External news indicates that the US and Israel are considering a ceasefire, which will further support the price of Bitcoin.

Bitcoin trading suggestion: Buy around 69,500 with a target of 71,800#加密市场行情震荡