Bitcoin dropped from around 98,000 to around 59,800, then rebounded to around 71,700. The continuous collapse caused a sharp decline of over 30,000 points, while the rebound nearly reached 12,000 points. The overall trend remains bearish and weak.

59,800 may become the short-term bottom, especially since this rebound reversed overnight. As for whether it is a medium- to long-term bottoming process, at least the price needs to effectively hold above 80,000. We are not considering this for now because many people are uncertain and unable to hold steady.

Another point is that recent variables are quite numerous. Next week will see the release of "Non-Farm Payroll" and "CPI" data. Whether these are positive or negative remains to be seen.

Recently, liquidity has become more active, with every market movement fluctuating within a 2000+ range. Therefore, we try to seize every short-term opportunity within the day. If your holdings permit, medium-term positions can also be entered in real-time.

Today, from the weekend to early tomorrow morning, focus on the resistance levels between 67,000 and 71,000. Before that, short-term trading is still oscillating around 70,000, battling for control. $BTC