Midday Market Analysis:

The current overall trend of Bitcoin is a fluctuating upward rhythm, with the price having re-established itself above the 70,000 mark, showing signs of stabilization. As long as this position is not effectively broken down, there is still room for further upward testing in the short term, with a key focus on the 71,500-72,000 range above, which is an important resistance band at the daily level.

Whether the market can further open up space hinges on whether it can break through this area with increased volume. Once it stabilizes and breaks through, upward momentum is expected to be reactivated, ushering in a new round of increases.

In the short term, the 70,000 level still serves as a defensive position. If it is broken, it indicates a weakening of rebound momentum, and this small cycle of upward rhythm may come to an end.

$BTC $ETH $UAI #币安KOL引荐计划 #美联储3月议息会议