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Support around 68 can hold the short-term and allow for an upward push; otherwise, expect a dip to 66.
Currently, the market should pull back to the 68,000 range after reaching 70k.
68 is a key short-term support level and also the low point from Monday. If 68 does not break below, there is still a possibility of reaching the 71,800 range within this week.
If 68 breaks below, it may dip again toward the 66,000 bottom.
Since last week, the market has been oscillating within a narrow range for over a week. Many traders have already lost patience, which is characteristic of a bear market. It’s clear that besides BTC and ETH, other coins are also relatively weak and have hardly gained much.
Overall, I believe the most dangerous moment in the short term has passed. Currently, the market is definitely more optimistic than the lowest point of 65,200 on the Saturday before last. A market reversal requires some time to develop.
Only after breaking below 68 will the possibility of testing 65,200 again increase. Otherwise, the higher probability remains for a short-term test of 71,800.