$BTC Bitcoin has just experienced a rollercoaster of a market. A few days ago, it plummeted from nearly 80,000 all the way down to 59,800, leaving many people doubting their life choices. But just when everyone thought it was game over, it suddenly surged like it had been injected with adrenaline, climbing back above 71,000 in one go, with a 24-hour increase of over 7%. This rebound was indeed quite powerful.

From a technical perspective, the price has now broken above the middle band of the Bollinger Bands at 66,035, which is a positive signal indicating that the short-term bulls are gaining the upper hand. However, there is still a hurdle ahead near the upper Bollinger Band, where many trapped positions from earlier may be waiting to be unlocked, leading to increased selling pressure. If the price can break through this level with high volume, it could challenge the resistance zone around 73,000-75,000. If it fails to break through, it will likely oscillate between 68,000 and 71,000, digesting profit-taking.

Looking at market sentiment, the long-short ratio is close to a 60/40 split, with bears still holding a slight advantage, indicating significant disagreement among traders. For conservative traders, it’s advisable to wait until a break above 71,500 before considering a position, with a stop-loss set below 69,800. More aggressive traders might consider a small long position around 70,000, but should exit decisively if the price drops below 68,500. Remember, volatility at this level can be intense, so avoid heavy positions and keep some ammunition ready—that’s the key. #当前行情抄底还是观望？