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BTC experienced a sharp decline during Black Monday, but is now showing a technical rebound after a large bullish candle recaptured the 71000 level. Yesterday I also reminded about the dense locked-in area around the 71-72 key resistance zone, and the market precisely touched this region as expected.
Currently, BTC is in a weak rebound phase following a pause in news sentiment. Although the 71000 level has been regained, there is significant resistance above, and liquidity has not substantially improved. Overall market sentiment remains fragile with intense long-short competition.
During the day, watch the resistance around 72000 - 73000 above. If this zone breaks with volume expansion, the rebound is expected to continue;
If it touches and gets rejected, it may pull back to the key support below: 68000 - 69000. If that support is broken again, there is a high probability of testing the 65000 - 66000 range further.