Brothers, Bitcoin broke through 70k, let me give you a quick breakdown!
Bitcoin is now at 69,400, it directly broke the 70k level, overall bearish is still dominant, but after dropping this much, there's definitely going to be a short-term bounce.
Looking at the daily chart, the trend has weakened, the moving averages are pressing down heavily, and 68,000 is holding strong support below. The rebound first needs to see if it can get back above 70,500. If it can't, we're heading lower.
4-hour timeframe shows a clear descending channel, don't expect too much from the rebound, the key is 70,500. I
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