Here's an update on BTC. The short-term price has tested the support level again. The support at 69k is still showing strong strength. After the price spiked below 69k, it pulled back, which once again demonstrates the support strength at this level. Therefore, at the current position, I still see a rebound rally. If it shows strong momentum, it could touch around 73k, or at minimum it should reach 72k. This rebound should have roughly 3,000 points of upside at least.



Currently, the smaller timeframe has formed a bullish wedge pattern. Of course, this rally is just a rebound, and after a counter-rally trap move, the probability of another decline is higher. It's just that the first wave of downtrend has temporarily stopped. If you want to catch this rebound, you can wait for a secondary test at the smaller level, around 69.5k-70k price range to enter a long position. The target can be seen at the 72k-73k zone. After that, close the longs and flip to short selling. If it goes up directly, then wait for it to reach higher levels before entering a short position.
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