Last night, the two major coins strongly rebounded, breaking the range-bound pattern. The 68000 level that Silk Road warned about was hit, and the synchronized move of the other coin followed. Overnight, there was another precise rebound and upward attack. This wave of several thousand points has once again fully capitalized on the rhythm of the upward momentum.

Currently, after Bitcoin broke through 72,500, the short-term rebound momentum has weakened. It is a weak rebound within a downward channel and has not yet formed a trend reversal. At present, the bulls and bears are in a tug-of-war stage. The moving averages are leveling off but still under medium-term moving average resistance. If the resistance at 72,500–73,000 is not broken, it can be shorted. Keep an eye on the 70,000 level below.