Bitcoin exhibited a typical roller coaster movement yesterday. In the morning, it surged from the 70,000 level, briefly touching near 72,000 USD. After a minor pullback to 70,910 USD at midday, it rallied strongly again, reaching nearly 73,800 USD in the evening session. Following news-driven selling pressure, it has since fallen to around 70,500 USD, reversing most of yesterday's gains. Currently in a weekend consolidation phase, the 4-hour channel shows clear compression. Key focus remains on the 70,000 level support. Subsequent price action is likely to retrace to the 68,000-70,000 range for consolidation. If the 70,000 level holds, prices will maintain narrow-range consolidation above.$BTC
#Gate2月衍生品市场份额创新高
Bitcoin exhibited a typical roller coaster movement yesterday. In the morning, it surged from the 70,000 level, briefly touching near 72,000 USD. After a minor pullback to 70,910 USD at midday, it rallied strongly again, reaching nearly 73,800 USD in the evening session. Following news-driven selling pressure, it has since fallen to around 70,500 USD, reversing most of yesterday's gains. Currently in a weekend consolidation phase, the 4-hour channel shows clear compression. Key focus remains on the 70,000 level support. Subsequent price action is likely to retrace to the 68,000-70,000 range for consolidation. If the 70,000 level holds, prices will maintain narrow-range consolidation above.$BTC