Bitcoin (BTC) Daily Price Action: Oscillation Under the "Fed Rate Hike Shadow"



Major Direction Assessment: Oscillation with rebound bias (recovery after oversold), but overall downward pressure persists. Short-term lacks conditions for a sharp rally. Avoid blindly chasing highs.

Downside Support Zone: Primary support level at 69500–69800 USD. If this zone breaks, price will further explore the previous low of 68750 USD, with potential touch of 68500 USD key support under extreme conditions.

Upside Resistance Zone: First target resistance at 71500–71800 USD. After breakout, will face strong resistance zone at 72500–73000 USD. Probability of price returning above 74000 USD is extremely low.

🔹 High rebound as main focus
Entry zone: Around 70800–71500 rebound, target near 69200-68500
BTC0,45%
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