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Bitcoin remains primarily in a consolidation phase.
On the daily chart, the price continues to be suppressed by the middle band, with multiple attempts to break through failing to achieve a significant breakthrough, indicating that upward pressure is quite evident.
The 4-hour chart more intuitively reflects the current consolidation pattern, with the price oscillating around the middle band of the Bollinger Bands, and the volatility gradually narrowing.
From a technical perspective, the current price is forming a symmetrical triangle consolidation pattern. Pay close attention to the previous low support levels; if this support is effectively broken, it is highly likely to trigger a new downward trend!
Key resistance levels above include the daily middle band and the previous high near the 70,000 mark. Maintain a bearish outlook tonight!$BTC