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In the short term, the price is in a rebound repair phase after overselling. The first resistance level above corresponds to the midline at 71050. If it cannot effectively break through, the rebound is highly likely to be a continuation of the decline, and there is still a possibility of probing down to the prior low later on. Only if it can hold above the midline will there be a chance to further challenge the resistance at the upper band 71650. The key support below still lies at the prior low position of 70400. If the rebound lacks momentum and breaks below this level, a new round of declines will begin.
Overall, the current trend is unchanged, and the main approach is to go short. When the rebound is under pressure, follow the trend to place short positions, set stop-losses strictly, and avoid chasing highs.#加密市场回升