Bitcoin
Long

BTC: Will the rebound continue or be just a flash in the pan?

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The 4-hour technical indicators are bullish, and there is still momentum for the price to test the $70,000 level in the short term. However, the daily chart shows a continued downtrend, with significant resistance in the $70,000-$72,600 range, and insufficient trading volume limiting the potential for a rebound. Short-term traders may consider taking a small long position in the $67,000-$67,500 range, or shorting in the $69,800-$70,200 range to profit from a pullback. The current rebound is still characterized as a technical correction rather than a trend reversal.

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