BTC's first wave of rebound reached a high of 68,000, but due to selling pressure above, it also marked the first minor resistance level. It was then pushed back down, followed by a retest of the low near 66,200. This wave is a secondary bottom test that fully aligns with the 0.618 Fibonacci retracement level.



Therefore, based on the secondary bottom test, the short-term small-scale double bottom is basically complete. Next, a short-term rebound is expected, aiming to buy in on the rebound, provided it does not break below 66,000. If it stays above that level, the secondary bottom will be confirmed. The rebound high is estimated to be around 70,000, judged by the Fibonacci retracement line. If the small timeframe shows strong momentum, it might directly reach 70,000, which was the original target level. When that happens, I will consider entering the market to take profits.
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