Bitcoin currently shows a moderate recovery trend, completing phase-by-phase stabilization at the key round number of $70,000. If support at this level receives effective confirmation, the upside target for this round of recovery can be directed toward the 71,500-72,000 range, which simultaneously serves as the core resistance band at the daily level. Whether the subsequent rebound can transform into a trend reversal depends critically on whether volume can break through this resistance zone; successful breakthrough will provide sufficient momentum for a second rally. Intraday attention should focus on monitoring the support zone at 69,000-69,500; if this zone is effectively broken through, the short-term minor-level rebound structure will likely fail. $BTC