You can see that in the midnight phase, Bitcoin as a whole completed a round of cyclical rebound. After the midnight market retraced back near the 69,000 level, it did not explore further downward, with the lowest touch near 69,065. Subsequently, short-term buying pressure began to intervene, and the market gradually rose to above 70,600. From the overall trend, this round of rebound in the early morning was more of a repair action after exploring lows, especially after forming support near 69,000, market sentiment briefly improved, but the continuation strength at higher levels was not strong
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