#比特币反弹 The current market has successfully stabilized above the key psychological and technical level of $70,000 after experiencing a "pin" style shakeout, confirming that this level has shifted from strong resistance to strong support. The rapid rebound after a sharp drop to $69,900 this morning indicates strong buying interest in that area, suggesting that the bulls' defense line remains solid.

From the candlestick pattern, the long lower shadow "bottoming pin" appearing at the key support level is a typical trend continuation signal, indicating that the short-term downward pressure from the bears has been released, and the bulls have quickly regained ground. The market structure has not weakened due to the brief correction. Currently, the price is consolidating above $70,000, which is a healthy accumulation process.

Overall, as long as the support zone between $69,900 and $70,000 is not effectively broken, the market structure still leans toward sideways to bullish. If the price can hold above $70,500, it is expected to test higher levels around $72,000 or even previous highs. Short-term corrections can be seen as laying the foundation for the next upward push.