Yesterday, the BTC price reached a high of $70,626, which verified the strategy of buying on dips. The upper pressure is at $71,400, which actually failed to meet expectations, showing market volatility. The current market is volatile, with Bitcoin supported around $67,280-68,550, and $69,200 to $70,200 as the pressure range.

The current market is still in a blank period of data and news, and the main players dare not act rashly. However, as time goes by, the market becomes more favorable to bulls. The next major expectation is a rate cut, even if it does not happen in June, it may happen in July or August. The rate cut may be delayed, but it will come eventually. At the same time, the demand for Bitcoin continues to grow, while the supply is decreasing. This year's bull market will be a slow and steady rise.

Bitcoin has a major resistance level of $71,000 and a key support level of $66,250. Some altcoins have performed well recently, and it is recommended to pay attention to potential currencies. Market sentiment is bearish, so you need to be cautious when operating and pay attention to the latest market trends.

The current trend is a pullback after a breakthrough. As long as it cannot effectively fall below 67,000, it will have no impact on the bullish situation. Just wait for a sudden opportunity to break through 70,000 directly. Pay attention to 67,000-67,500 below. Any pullback is an opportunity for layout. Pay attention to the 70,000-71,000 range above the short-term resistance. If you want to break through the range, you must increase the volume. The current market liquidity is poor and the volume is insufficient.

Short-term trading opportunities In the market oscillation, pay attention to the fluctuation of Bitcoin in the support of $68,280 and the pressure range of $69,200 to $70,200, and look for intraday trading opportunities.

In terms of operation, continue to maintain the idea of ​​low absorption and breakthrough: low absorption can be achieved when it falls back to around 67,500, and it can be pursued by breaking through 70,000.