BTC Breaks 70,000, Is the Bullish Reversal Truly Here?

Today, BTC soared to new heights, with ETH and SOL leading the rally, and the market is hot. But the question is, is this surge a reversal or just a rebound? A reversal indicates a trend change, while a rebound is merely a short-term correction.

From a technical perspective, $70,000 is a psychological barrier and also a historical resistance level. Multiple attempts to break through in the past have failed, showing that bears are concentrated at this level. Although today's rally is strong, whether the volume matches the price movement is key to judging its sustainability. If trading volume does not increase, the likelihood of a short-term pullback is high, and bulls may only be temporarily gaining an advantage through technical correction.

On the other hand, the disappearance of the 10-point sell-off has undoubtedly created a cleaner environment for bulls to push higher. Market makers may have paused or delayed their actions, allowing short-term market sentiment to relax. Psychologically, retail investors will be more eager to chase the rally, increasing market activity.

In terms of coin selection, BTC remains the core, with ETH and SOL performing notably and showing potential for short-term gains. Meanwhile, some ecosystem coins and high-growth concept tokens may also rise as mainstream coins' sentiment spreads. Short-term strategies can focus on mainstream coins, with potential coins as supplementary.

Humorous summary: BTC hitting 70,000 is like igniting a fireworks display in the market, but whether it can hold steady depends on trading volume and whether the psychological barrier is maintained.

Rebounds are possible, but reversals are not guaranteed. #BTC能否重返7万美元？