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Is breaking 70K the end of the rebound or the prelude to a bull market?
Overall, the lawsuit surrounding Jane Street has indeed disrupted some liquidity flows, and Bitcoin's current structure resembles a transition from a "recovery phase" to a "trend phase."
If there is a volume breakout above 70K and the price holds above 69K during a pullback, trend-following funds will gradually enter, and the market may continue.
If the price surges with decreasing volume and the fee rate becomes overheated, beware of a false breakout.
The current stage is more about patience. Sentiment has warmed up, but what truly determines the market's direction is incremental capital.
Final note: The market won't take off because of rumors, nor will it end because of lawsuits. What truly drives prices are structure and confidence. When the market no longer fears the 10K mark, the bulls will truly have time. #BTC能否重返7万美元？