#BTC Bitcoin has hit a new high again, reaching 71607 before pulling back, with the lowest pullback at 70803. In the short term, Bitcoin is still consolidating at a high level, and the pullback range is relatively small. Currently, the 1-hour level is supported at 70800. If it can stabilize here, Bitcoin will make another upward surge, with resistance at 71600. If it breaks through, it will rise to around 72000. If it consolidates for too long and breaks down, it will drop to around 70000. Under normal circumstances, there is a higher possibility of pulling back to around 70000 before making another upward surge. If high-level consolidation does not lead to further breakthroughs, it will eventually decline. This may be due to the recent surge; the bullish sentiment is too strong to allow for a drop.

Contract operation suggestion: Focus on the range 70800-71600 for short-term trading, with stop-loss on breakouts.

Spot trading suggestion: For those without positions, you can wait for Bitcoin to pull back to find some cryptocurrencies at smaller support levels, such as #BOME #FLOKI , #NEIRO #ORDI , etc. Build positions in batches and hold for the medium to long term, waiting for the big market movement, trading time for space.

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