After a deep correction in the previous phase, the overall cryptocurrency market has entered a rebound stage today, with Bitcoin and Ethereum showing certain signs of stability. However, as prices approach the key supply zone above, whether a smooth breakthrough can occur has become the focus of the current bull-bear contest.
Bitcoin (BTC) is currently hovering around the $68,000 level, attempting to attack the resistance zone of $69,000-$71,000. From a technical perspective, the 4-hour chart is forming higher lows, indicating a recovery in short-term momentum, but the daily level is still constrained by the 20-day moving average (around $70,900). If the volume can stabilize above $69,500 this week, it is expected to break the current deadlock and test $71,500 upwards.