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Just now looking at the market, Bitcoin is around 77.55K, up 1.83% in 24 hours. Ethereum has also regained the 2.33K level, with a gain of 2.47%. However, recalling the recent dip, it's still worth reviewing what happened back then.
Previously, Bitcoin attempted to break through the 70K resistance level but was rebounded, dropping to around 68K. Ethereum also broke below the psychological threshold of 2K. At that time, the RSI indicator was in the low range of 44-46, and market sentiment was indeed more cautious. Mainstream coins like BNB, XRP, and Solana also declined, and the entire sector was adjusting.
Looking back now, the market has been consolidating in the 65K-70K range for a while, seemingly searching for direction. From a technical perspective, if it cannot hold the mid-support at 60K, there may still be downward pressure. But from the latest data, all major coins show signs of rebound: BNB is up 0.65%, XRP up 0.94%, and SOL has risen 1.83%. Whether this rebound can stabilize depends on whether they can break through key resistance levels in the future. Cryptocurrency market volatility is indeed high, which is why it's crucial to constantly monitor support and resistance levels from a technical standpoint.