Bitcoin has come under pressure and pulled back from the previous high of 73,800, with the price entering a phase of technical correction. Early yesterday, it probed down to 70,470 where it found short-term support, followed by a technical bounce during midday session, rebounding to the 71,300 region before facing pressure and declining again. In the afternoon, it tested the low point of 70,300 a second time, confirming the validity of the short-term support zone. Subsequently, the price entered low-level narrow-range consolidation, with bullish and bearish forces reaching a cautious stalemate. Early this morning at 7 AM, the price showed exploratory upside movement, with short-term bulls showing some activity, currently trading around 71,200. From a technical perspective, the key resistance zone above is 71,500-72,200, which represents a confluence of previous dense trading area and short-term pressure resistance. An effective breakthrough and stable consolidation above this level is needed to confirm the continuation of the rebound structure. If the rebound runs out of steam and fails to stabilize, there remains a risk of further pullback and testing of support levels below. Overall, a cautious and oscillation-focused approach should be maintained.$BTC
#Gate2月衍生品市场份额创新高
Bitcoin has come under pressure and pulled back from the previous high of 73,800, with the price entering a phase of technical correction. Early yesterday, it probed down to 70,470 where it found short-term support, followed by a technical bounce during midday session, rebounding to the 71,300 region before facing pressure and declining again. In the afternoon, it tested the low point of 70,300 a second time, confirming the validity of the short-term support zone. Subsequently, the price entered low-level narrow-range consolidation, with bullish and bearish forces reaching a cautious stalemate. Early this morning at 7 AM, the price showed exploratory upside movement, with short-term bulls showing some activity, currently trading around 71,200. From a technical perspective, the key resistance zone above is 71,500-72,200, which represents a confluence of previous dense trading area and short-term pressure resistance. An effective breakthrough and stable consolidation above this level is needed to confirm the continuation of the rebound structure. If the rebound runs out of steam and fails to stabilize, there remains a risk of further pullback and testing of support levels below. Overall, a cautious and oscillation-focused approach should be maintained.$BTC