Looking at the chart, Bitcoin has broken through a key support level in the short term, currently at 70,800, with volatility intensifying. The previous consolidation pattern around 71,600 has been broken. The support near 70,500 below needs close attention.
Short-term traders should be vigilant about further downside risks and strictly control positions. For long-term holders, continue to focus on macroeconomic policies and regulatory developments, ignoring short-term fluctuations. The market lacks clear direction currently, so it's better to observe more and act less, waiting for a stabilizat
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