#BTC能否重返7万美元？

After a significant surge yesterday, Bitcoin has experienced a volatile correction today, currently around 67,000 points. Yesterday, many enthusiasts were excitedly shouting "Bull Return, Quickly Come Back," but now some are showing signs of "fear of heights." In fact, such a correction is normal and healthy, and it is highly probable that Bitcoin will trend back to 70,000 in the future.

📢 On the news front, a recent major positive is that Wall Street giant Jane Street has been accused of using its capital advantage to manipulate the market for profit by selling pressure at 10 AM daily. Additionally, Terra’s bankruptcy management firm has also sued Jane Street for profiting from insider information during Terra’s $40 billion collapse, triggering a chain reaction that ultimately brought down Celsius, Three Arrows Capital, and FTX. Secret group chats and coordinated withdrawal operations have been exposed. After the lawsuit, the "cut" at 10 AM disappeared. Undoubtedly, there is a necessary connection between the two. Such market manipulation by Wall Street giants is commonplace, especially in the crypto space’s regulatory vacuum. Coincidentally, Jane Street is not the only organization being criticized; today, an entity that maliciously manipulated ARC causing a plunge was also banned from trading by the exchange, and ARC’s price rebounded sharply today. According to this logic, the lawsuit against Jane Street should also help weaken market manipulation of Bitcoin.

🔨 On the technical side, after yesterday’s big rally, Bitcoin saw a wave of short covering. On the 4-hour chart, it found support at the middle band of the Bollinger Bands; on the daily chart, the price retraced with decreasing volume to hover around the Ma10 moving average, with MACD still showing increasing red bars, and KDJ forming a golden cross at low levels. Currently, the medium- and short-term trend remains bullish.

📈 Key resistance levels to watch: For Bitcoin to create a new rebound high, the first resistance to monitor is 67,700, which is also the middle band of the daily Bollinger Bands, serving as a minor resistance. The most important resistance remains at the $70,000 mark; breaking through this level could lead to further rebounds. However, it’s important to note that Bitcoin is still in a bear market overall. Breaking through 70,000 is a profit-taking and reducing position point, not a buy-in signal.

📊 My trading strategy: Given that Bitcoin is still in a bear market, rebounds often come to a sudden halt at the most tempting points. Therefore, chasing after volume breakthroughs on the right side is not suitable for the current market. I plan to build positions gradually and increase holdings to 60%. Stop-loss will be set below 65,000; if it breaks below, I will cut losses decisively.