Affected by factors such as US PPI data exceeding expectations, the Federal Reserve maintaining interest rates unchanged, and escalating Middle East tensions, Bitcoin intraday fell to a low near $70,500. Senior trader Peter Brandt pointed out that Bitcoin currently exhibits two formation patterns: one is a constructive "megaphone" formation, suggesting prices could rise to $80,000; the other is an "ugly" flag formation that could cause prices to fall back to support levels near $68,000.
Affected by factors such as US PPI data exceeding expectations, the Federal Reserve maintaining interest rates unchanged, and escalating Middle East tensions, Bitcoin intraday fell to a low near $70,500. Senior trader Peter Brandt pointed out that Bitcoin currently exhibits two formation patterns: one is a constructive "megaphone" formation, suggesting prices could rise to $80,000; the other is an "ugly" flag formation that could cause prices to fall back to support levels near $68,000.