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70,000 tug-of-war! Bitcoin to face key decision in the coming week.
Federal Reserve hawkish stance combined with inflation concerns have pushed Bitcoin down from the 76,000 high to around 71,000. Short-term support at 69,000-70,000 remains strong, with continuous ETF net inflows providing support. This week's core battle is in the 71,000-73,000 resistance zone. A breakout would target 75,000, while a breakdown of 68,500 would trigger a deep pullback. Given the ongoing escalation of US-Iran conflicts, leaning towards short! $BTC