$BTC ๐๐๐After a sharp fluctuation, can the 70,000 mark hold๐ฅ๐ฅ๐ฅ
๐Today, BTCUSDT experienced a roller coaster market, with the price once soaring to 76,568 USDT, then quickly retreating, currently at the latest price of 71,077.5 USDT, a 24-hour decline of 7.10%.
From the 5-minute K-line chart, the price tested the upper Bollinger Band and faced downward pressure, currently running between the middle and lower bands, indicating a dominant short-term bearish sentiment. However, after the price dipped to a low of 70,085.3 USDT, buying pressure has emerged, resulting in a technical rebound.
Current market sentiment is cautious, and investors need to pay attention to the strength of support at the 70,000 USDT round number. If it can stabilize effectively, a corrective rebound may occur; otherwise, further downside risks should be taken into account๐ฅ๐ฅ๐ฅ
