Analysis of Bitcoin on the morning of the 3rd
Affected by Middle East geopolitical conflicts and expectations of Federal Reserve rate hikes, Bitcoin surged rapidly from 65,000 last night, temporarily breaking through the 70,000 level, then consolidating around 69,000.
During the rebound, trading volume significantly increased, indicating that bullish momentum has strengthened, but after breaking through 70,000, the volume could not be sustained, and there is pressure for a pullback.
Support levels: 67,000-66,500
Resistance levels: 70,000-70,500
The current market is highly volatile, and the tr
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