59,129.3 USD makes a fierce comeback to 66,280 USD!

Has the BTC rebound ended?
$70k might just be the beginning

When Bitcoin dropped to $59,087.3, the market was filled with pessimism.
Some called for $50k to be seen.
Some began to doubt the end of the bull market.
Within a few days, BTC had already regained near $66,280.
A rebound of over 12%, once again telling the market:
The biggest feature of Bitcoin is its ability to conquer all doubts.
Current key level analysis
$59,087:
Phase bottom confirmation zone.
$62,000:
Bullish lifeline.
$65,000:
Transformed from a pressure level to a support level.
$68,000:
Short-term important resistance.
$70,000:
Battle zone for bulls and bears.
$73,000:
Near the all-time high.
Three possible scenarios for the future
Optimistic outlook (probability 60%)
Hold steady above $65,000.
Break through $68,000.
Challenge $70,000.
Further push towards $75,000.
Neutral outlook (probability 30%)
Range-bound oscillation between $65,000 and $70,000.
Trading time for space.
Waiting for new catalysts.
Pessimistic outlook (probability 10%)
Fall below $65,000.
Revisit $63,000.
Extreme test of $60,000.
Trading strategies
Long-term investors:
Continue holding.
Mid-term traders:
Watch for a breakout above $68,000.
Short-term traders:
Buy low near $65,000.
Reduce positions in batches near $70,000.
In the next two months, I believe the probability of reaching $75,000 is significantly higher than falling back below $59,000.
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