Evening Bitcoin Public Analysis (Thursday)

Core Market
BTC at $71,176, fluctuating narrowly between $70,980 and $71,300 in the evening, with a sharp decline followed by a rebound, currently in a weak correction phase.
Key Levels
• Resistance: 71,300 (short-term) → 72,000-72,500 (strong resistance)
• Support: 70,980-71,000 (intraday low) → 69,000 (medium-term)
Multi-timeframe Highlights
• 1-minute: Bollinger bands narrowing, price oscillating near the middle band, strong support at 71,000, insufficient volume to push above 71,300.
• 4-hour: Rebound faces resistance, significant selling pressure above 72,000, short-term sideways.
Trading Strategy
• Range Trading: Buy low at 70,950-71,050, sell high at 71,300-71,400, with strict stop-loss.
• Breakout Follow-up: Increase position on volume break above 71,500, targeting 72,000; if below 70,900, observe and look for a move down to 69,500. #Gate上线Pre-IPOs #加密市场小幅下跌 $BTC ‌$ETH ‌