70,000 Level Tug-of-War! Bitcoin Faces Key Decision in the Coming Week.
Fed hawkish stance combined with inflation concerns have pulled Bitcoin down from the 76,000 high to around 71,000. Short-term support at 69,000-70,000 remains strong, with ETF continuous net inflows providing a floor. The core battle zone this week is the 71,000-73,000 resistance area; a breakthrough targets 75,000, while a breakdown of 68,500 will trigger a deeper pullback. Given the ongoing escalation of US-Iran conflicts, I lean bearish!
$BTC