Currently at 71199, with an intraday gain of 1.08%. Price has completed stabilization and recovery above the 70k level, and the chart structure is gradually improving.

1-minute timeframe is the core observation window:
Price probed down to 70950 then quickly recovered, with MA5 and MA10 forming a golden cross and a complete bullish alignment; trading volume clearly expanded during the probe phase, then gradually contracted with consolidation, with selling pressure effectively released.

Market sentiment and structure:
Panic sentiment is gradually easing. Price is oscillating sideways rather than declining unilaterally, which is more consistent with chip rotation characteristics and not a capitulation signal.

External environment and key levels:
Weakening USD and rising US equities provide effective support for the 70k level, not passive hard support.
Immediate resistance above is around 71300; a volume-driven breakout would challenge the 72k gap. Downside support to watch is 70950; if broken, then focus on the 70500-70800 range.

Operation rhythm summary:
Short-term traders can establish long positions around 71000, add positions at 70800, with targets initially at 71300-71500. If 71300 comes under pressure and declines, monitor 70500-70800 range support below; avoid blindly anticipating major-level breakouts.$BTC ‌#Gate正式接入Polymarket