Market Viewpoint

Pullback levels at 70,400 and 69,000
After Bitcoin surged to around 73,500 on Saturday night, the market experienced repeated fluctuations due to news (such as rumors of the US halting negotiations and blocking straits), causing Bitcoin to fall back to the 70,500 range in the late Saturday night / early Sunday morning
The current support levels below are still at 70,400 and 69,000
The market did not immediately continue upward, which was a mistake in my judgment
Currently, the market is consolidating above the 70,400 support. I believe the short-term opportunity has not been completely lost, mainly because US stocks rebounded before the market opened. If US stocks can hold steady without falling, and Bitcoin remains supported at 70,400, there is still a short-term chance for further upward movement
If US stocks drive Bitcoin to continue retracing, filling the gap (~6,616 level), it could lead Bitcoin to retrace to the 69,000 level
If it retraces to the 69,000 level, I am fairly confident to open long positions above 74,000
70,400 = Short-term support; if not broken, short-term upward movement can continue
69,000 = A level likely to be reached during a short-term retracement, with a high probability of rebound in the medium term
After the retracement ends, I believe Bitcoin will hit a new high exceeding the March 17th peak (~76,000 or above). There is a probability of reaching the 78-81 range, but not a 100% certainty (this has changed from previous analysis)
SOL is expected to reach around 90, and ETH around 2,400
This article is sponsored by #BCGAME｜@bcgame @bcgamecoin