The market dynamics of Bitcoin ($BTC ) are as follows:

1. **Price Dynamics**: Yesterday, the price of $BTC returned to around $70,000, which was the sixth test of this important psychological barrier. Although it is uncertain whether it can be successfully broken through this time, it is certain that if it fails to break through this time, it is unlikely to have a sharp correction again. If the market performs generally, it may fluctuate between $64,000 and $70,000; if the market performs well, it may fluctuate between $66,000 and $70,000.

2. **Daily Chart Analysis**: From the daily chart, BTC closed a medium-sized positive line with an upper shadow yesterday. Although the performance is not very strong, it is already a relatively good situation. There was no rapid rise or decline yesterday, which shows that the selling pressure near $70,000 has been digested by the market. Therefore, $70,000 is now more of a psychological barrier. Once funds push, the price can easily break through this level.

3. **Moving average indicator**: From the moving average indicator, the price of $BTC is currently above all moving averages, which suggests that the market is ready to form an upward momentum.