BTC Morning Analysis:
Yesterday, we repeatedly pointed out that Bitcoin had fallen back to the previous rebound high, which can be considered a false breakout. After breaking down, there was a rebound followed by an accelerated decline, with the short-term low approaching the 70k TP1 level.
Currently, the price is consolidating around 71k. Pay attention to the previous high as resistance; a pullback is possible. If the volume and price action are strong, a strong upward move is possible. If not, then the decline will likely accelerate.
Short-term key levels to watch are 72200 on the upside and the psychological level of 70000 on the downside.
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