Thursday Morning Outlook

After a strong rally in the early session yesterday, the market entered a high-level consolidation. In the evening, it rebounded again to around 72,900 but faced resistance, then quickly retreated to 70,600. The bulls and bears are fiercely contesting, and currently, the price is consolidating around 70,900. In the short term, the strategy is to look for a rebound and correction; if there is resistance at high levels, consider taking partial short positions.

Long entry zone: 70,000–70,500
Target: 72,500–73,000

Short entry zone: 72,500–73,000
Target: around 70,000#BTC