Bitcoin BTC:

After a sharp decline last week, market liquidity has shown significant recovery. Although this round of rebound is mainly driven by futures funding, short-term selling pressure on the spot side has nearly exhausted. On the day of the avalanche, the highest spot sell-off reached 93,000 coins. Currently, there are no obvious signs of accumulation, and fortunately, there are no significant negative news outside the market.
Structurally, the short-term pattern is gradually recovering. After the V-shaped bottom, the price experienced stagnation at the previous 1-hour expansion zone, indicating that the panic-selling phase has basically ended. The subsequent rebound height depends on the buying momentum. The two key resistance levels are around 72k and 75k. Beyond that, resistance is very strong, with a large number of trapped positions before the acceleration phase gathered above. This area can serve as a primary sell point on the 4-hour chart, and should be approached with a short-term strategy.
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