Last night after the US stock market opened, Bitcoin quickly rebounded after testing the support at $69,400, reaching a high of $71,700. A long lower shadow was left on the daily chart, which usually indicates strong buying pressure below. At the same time, the price has effectively broken through the previous multiple tests of the $70,800-$71,000 resistance zone, opening up space for further upward movement.
From the 4-hour structure, last night's rapid dip was more like a shakeout before a breakout. The pullback did not destroy the rebound trend; instead, it built a higher low. The subsequen
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