Today's Bitcoin analysis:


The 1-hour chart shows a lack of upward momentum, with bulls facing resistance; the 4-hour indicators are weakening, and the market is cautious. The daily chart is consolidating around 70,000, with long and short positions in balance. Additionally, increased selling pressure at higher levels and institutional hesitation contribute to a generally weak consolidation.
Bitcoin:
A rebound to 70,500–71,200 could lead to a downward move, with targets at 69,500–69,300; a break below support could see 68,500.
BTC2.88%
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