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Trump's一句话 ignited the market! Behind the BTC "roller coaster" trend, is the $70,000 level about to break through? Friends, was last night's market exciting? U.S. stocks opened high and then fell back; Powell's words pulled them down again, Iran responded strongly and pushed back, and this morning Trump wants a "ceasefire," causing BTC to jump back to 68,000! Is this wild market movement a shakeout or a buildup? Don't worry, let's look directly at the K-line to interpret!
Structurally, Bitcoin is currently maintaining a range-bound consolidation, with clear resistance at around 68,500. After a rally and pullback, it entered a consolidation phase, overall showing a weak trend. The price repeatedly fluctuates around the midline, indicating significant disagreement at this level and fierce battle between bulls and bears.
Although the trend hasn't fully turned bearish, bullish momentum has clearly weakened. On the one-hour chart, the rebound near 66,200 is limited, leaning more towards technical correction rather than trend reversal. In the short term, it remains cautious and slightly bearish.
Afternoon trading ideas:
Bitcoin: Watch for short positions around 68,000, targeting 66,000
Altcoin: Watch for short positions around 2,080, targeting 1,960