Bitcoin: The rebound around 69,500 is experiencing resistance, with a light position for a potential pullback. The target is to watch for a move towards 67,500/66,500.

In the early morning, Bitcoin briefly broke above 70,000, reaching a high of over 70,300, the highest in nearly ten days. It then retreated to the 68,200-69,000 range for consolidation. As we mentioned yesterday, this round of rally was driven by news sentiment, which caused market emotions to become noticeably bullish. The market was heavily long, and news of a ceasefire triggered large-scale liquidations, pushing prices higher.

Since there is no major reversal, we remain confident in a bullish outlook.