Market Outlook

Support around 68K can hold in the short term, allowing for an upward push; otherwise, expect a dip to 66K.
Currently, the market is pulling back after touching 70k, returning to the 68,000 range.
68K is a key short-term support level and also the low point from Monday. If 68K does not break below, there is still a possibility of reaching up to the 71,800 range within this week.
If 68K breaks down, the market may dip again toward the 66,000 bottom.
Since last week, the market has been oscillating within a narrow range for over a week. Many traders have already lost patience, which is characteristic of a bear market. It’s clear that besides BTC and ETH, other cryptocurrencies are also relatively weak, with little to no gains.
Overall, I believe the most dangerous short-term moment has passed. Currently, the market is definitely more optimistic than the lowest point of 65,200 on the Saturday before last. A market reversal requires some time to develop.
Only after breaking below 68K would the possibility of retesting 65,200 increase. Otherwise, the probability of a short-term test of 71,800 remains higher.
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