After two days of back and forth, $BTC is still stuck around 70,000, a classic wide-range oscillation pattern. The short-term is likely to continue to shake, so don’t rush to chase highs and sell lows. It’s best to patiently wait for the oscillation range to complete and for the direction to become clear before taking action. The key is to watch the rebound strength: if it fails to break through 72,500, it is likely to fall back to seek greater support!

Upper resistance: 72,500 (#BTC ) / 2,200 (#ETH )

Lower support: 68,500 (BTC) / 2,050 (ETH)

Oscillation is just a washout; watch more and act less before the direction comes out. Wait for an effective breakthrough to follow, or else just keep waiting. What do you think? Will it break above 72,500 first, or will it fall back to test 68,500?

BTCUSDT

Perp

67,484.9

+1.08%