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Buy BTC on dips: It may have room to rebound and test 68-70K!

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BTC has continued its rebound, touching a high near 67,000. Although it subsequently pulled back slightly, the short-term bullish structure remains intact, suggesting there may still be some room for further upside. However, BTC still faces pressure from the key short-term resistance zone of 68,000–70,000; until this zone is breached, significant further upside potential cannot be fully unlocked.

From a technical perspective, BTC has staged a rebound from its lows and formed a "double-bottom" pattern across multiple timeframes, establishing strong short-term support. The primary support zone lies at 65,000–63,000, followed by 61,000–59,000. If BTC holds the 65,000–63,000 zone during any pullback—thereby boosting market confidence in a potential trend reversal—it could resume its rally and retest the 68,000–70,000 range.

Therefore, for short-term trading: if BTC continues to pull back, I would first consider going long on BTC/USD within the 65,000–63,000 zone; conversely, if BTC/USD rebounds directly, I would consider going short upon the initial approach to the 68,000–70,000 resistance area.
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BTC is currently retracing. If it touches the 65,000-63,000 area during this retracement, I will not hesitate to follow the bullish trading strategy and go long on BTCUSD.

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