$BTC Bitcoin has experienced a sharp sell-off, dropping from a 24h high of $76,607 to a low of $70,140.
The price has just crossed above this yellow line. This is the first sign of a potential short-term relief bounce. If the price holds above this line, it signals the immediate panic is over.
The pink line is the next target. The price is currently approaching this level. A break above $71,322 would confirm a "relief rally" is underway.
$70,140 is the recent low. It is vital that Bitcoin does not close a candle below this level. Breaking $70,140 would likely trigger a further drop into the $68,000–$69,000 range.

Summary: The bleeding has stopped temporarily. The market is deciding whether to rebound (retest $73k) or crash further (break $70k). The safest play is to wait and see if it can reclaim the $71,322 level decisively.

Disclaimer: This is technical analysis for informational purposes, not financial advice. Crypto markets, especially new coins, are highly volatile.