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Currently, according to Fibonacci analysis, before the main coin (Bitcoin) recovers to the 70k-70,600 range, the next downward target is around 68,273. The Fibonacci 1:1 retracement target is at the break of 1.618, which is at 66,229. For those without short positions, you can either wait for a rebound or chase after a strong move; be cautious when going long, very cautious.
When Bitcoin breaks through 70,255 with volume, chase the long on the right side and buy the rebound; if it breaks below 69,277 with volume and then rebounds without recovering, chase the short on the right side—those with boldness can do so.
Bitcoin on the hourly chart breaks through 70,255 and holds steady; look upward to 71,681-72,593. If it cannot go above 70,255, it’s useless.
On the 4-hour chart, if it breaks below 68,951, look downward to 67,288-66,533.
On the daily chart, this yellow bullish trend line is currently broken. If tomorrow morning at 8 o'clock the daily chart cannot recover above this yellow bullish trend line, the corresponding price is around 70,400. From a daily perspective, the only thing to do is look for a sign of a bottom at the lower boundary of the daily box at $BTC 65,069.