The tug-of-war between bulls and bears near $67K

Bitcoin is hovering around $67,000, seemingly in training for a rally. There has been selling pressure every morning around 10 AM, but it has now disappeared, and market sentiment is noticeably relaxed. Some say Jane Street is legally constrained from taking action, while others say it's just a "coincidence." Regardless of the reason, short-term bullish sentiment has been activated.
On the technical side, the $68,000~$68,500 range is the first line of defense, with previous attempts to break through being pushed back. Breaking this level would turn the psychological barrier of $70,000 into a realistic target. Bulls need volume support; otherwise, they risk being pushed back near $66K again.
For trading strategies, those gradually building positions can take advantage of small dips to add to their holdings and diversify risk. Those waiting for a breakout should first observe trading volume and candlestick patterns; if a clear volume breakout occurs, they can follow with full commitment. To put it humorously, you can slowly enjoy your candy or wait until the jar is opened to grab some.
Conclusion: The disappearance of selling pressure at 10 AM gave the market a breather, but the battle between bulls and bears remains fierce. The key resistance is around $68,500; only after breaking through can the challenge of $70K proceed smoothly.
#JaneStreet10点抛售