#比特币反弹 Remain resilient amidst the flames of war. Bitcoin breaking through 70K will trigger a rebound in March, likely ending in early next month.

Bitcoin: Short-term resistance: 72,800, 74,000
Short-term support: 69,000, 68,000
(1) Fundamentals: The Middle East conflict is expected to persist for a long time. Cross-border bank transfers may be disrupted, while crypto-friendly regions like the UAE and Dubai could use Bitcoin payments as an alternative payment system, supporting a market expectation for a price rebound. ETF continued net inflows on Tuesday, totaling 225 million, providing momentum for the rebound. Breaking through 70K, Bitcoin will continue its rebound, with around 78K likely being the limit.
(2) Daily Chart: Bitcoin has been forming an A3-B3-C5 platform correction from its all-time high of 126,200. It is currently still in C5-3, and surpassing 72,300 will confirm entry into the C5-4 rebound wave.
(3) MA: MA7 (67,600) and MA14 (67,150) form a golden cross upward and break through MA30 (68,360), indicating a short-term rebound trend. As long as it does not fall below MA7, the rebound will continue.
(4) MACD: The daily chart's two lines are below the zero axis, indicating a bearish market. After forming a golden cross, the lines continue upward, approaching the zero axis, with selling momentum gradually weakening.
(5) Pattern: The daily chart shows a descending channel, breaking through the midline at 67,800; a converging triangle has formed on the 4-hour chart, with a breakout above the upper band at 69,000 signaling a potential bottoming and rebound.

Key points: $70,000 is the average cost in the market in February and a key level for whales to sell and for short-term trapped positions. It will be a turning point; breaking this level will extend the rebound. Around 74,400 and near 78K are technical resistance levels and the average cost for long-term holders of 1-2 years, areas that are difficult to break through and are ideal for opening short positions without hesitation.

This is not investment advice; trade cautiously!