Bitcoin has recently experienced oscillations and fluctuations, but overall buying support below remains evident. Geopolitical tensions are complex, and risk-averse sentiment among funds is increasing, which in turn provides some support for Bitcoin.

From a technical perspective, after a pullback, the bulls are showing a decent recovery strength, while the bears lack sufficient momentum to continue pushing down. In the short term, the market is more inclined toward oscillating upward and recovering.

Currently, support levels are gradually rising, and multiple dips have been quickly recovered, indicating that major players are not willing to give low-price entry opportunities. The area around 70,000 is a short-term key resistance. Once a volume breakout occurs, the upward potential will further open.

Trading Strategy
Buy on dips near 68,000 and hold steady

First target: Break through 70,000 and go long
Second target: Break through 72,000 and go long