#Gate2月衍生品市场份额创新高

Bitcoin has pulled back under pressure from the previous high of 73,800, with prices entering a phase of technical correction. Yesterday morning, it probed down to 70,470 where it found short-term support, and experienced a technical rebound during midday trading, bouncing to the 71,300 region before pulling back under pressure. In the afternoon, it tested the low again at 70,300, confirming the effectiveness of the short-term support zone. Subsequently, it entered a narrow-range consolidation at low levels, with bulls and bears adopting cautious positioning. At 7 AM this morning, prices showed exploratory upside movement, with short-term longs showing some activity, currently trading around 71,200. From a technical perspective, key resistance to watch above is the 71,500-72,200 zone, which represents a confluence of previous dense trading and short-term pressure levels. An effective breakthrough and sustained hold above this region would confirm continuation of the rebound structure; if the rebound weakens and fails to stabilize, there remains risk of further pullback and testing of support below. Overall, adopt a cautious approach amid range-bound trading.$BTC