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#Gate2月衍生品市场份额创新高
Bitcoin experienced a typical roller coaster market yesterday. It surged from the 70,000 level in the morning, briefly touching around 72,000 USD, pulled back slightly to 70,910 USD at midday, then rallied strongly again, reaching near 73,800 USD in the evening. Following news-driven selling pressure, it has since dropped to the 70,500 USD level, giving back most of yesterday's gains. Currently in a weekend consolidation phase, the 4-hour channel is showing clear compression. Key focus is on the 70,000 support level. Subsequent price action is likely to pull back to the 68,000-70,000 range for oscillation. If the 70,000 level holds, it will maintain narrow consolidation above.$BTC