Bitcoin failed to break the 4-hour resistance yesterday, leading to another daily correction and liquidating over $400 million. This was influenced by 3 negative news items: the USA job rate report and new restrictions from the European Central Bank on crypto, along with an alert from the USA watchdog on holding crypto.
Currently, Bitcoin is at the daily support level of 68,800, which is the last support. We expect it to return to 70,200 soon, but it will fluctuate in this range until the end of the daily correction. After completing the daily correction, it may break down and continue moving.
Key support: 68,800
Current resistance: 70,200
