October 3 Market Analysis: Bulls Re-attack, 70,000 Level Becomes Key Breakthrough Point

Currently, Bitcoin is once again attempting an upward move, with the market focusing on the effectiveness of breaking through a critical resistance level. Short-term trendline resistance is concentrated around 70,000, an area where previous high points have accumulated selling pressure. This zone is the crucial watershed for whether the bulls can open up upward space. Attention should be paid to whether the price can break through with volume and stabilize effectively.

If an effective breakout and stabilization are achieved, resistance above will shift to the 75,000-76,000 range, corresponding to the upper trendline of the channel. If the market maintains a oscillating upward rhythm, subsequent resistance levels may further rise. On the support side, the first short-term support is near yesterday’s low of 66,000, while the lower trendline support of the channel is at 64,000, forming a short-term downside protection zone.

Bitcoin trading suggestion: Buy within the 67,400-68,000 range, with a target northward at 69,500, and aim for a breakout to 71,500#美伊局势影响