Thursday BTC Morning Brief:
This move
$BTC has indeed been fierce! It reached a high of 70,450 last night, a 6,000-point gain, triggering over $1 billion in liquidations in a single hour!
A sharp rise, but is the bull market back?
Around 69,500 is exactly where the 200-day moving average lies, making this level extremely important.
Only if it can truly hold above 69,500 will I look further toward 73,000–75,000;
If it fails to hold after a surge, I think a pullback to 67,000–68,000 to seek support would be completely normal.
Now let's look at the broader picture:
The Bank of Japan may adjust i