Bitcoin midday analysis:

$BTC Retraced from 71777 to around 69600 with sideways movement, don’t be scared by the short-term correction!

From a technical perspective, the lower band of the Bollinger Bands is flattening, and the MACD histogram is shrinking, which is a classic signal of a main force shakeout—clearing out the weak hands so that the market can move up again and reach new highs.
In terms of volume, the decline was accompanied by increased volume, while the rebound saw decreasing volume, indicating that selling pressure has been cleared. The support level at 69200 is solid and unbreakable, with almost no room for a further drop.

I’ve told everyone before that this kind of retracement is the best opportunity to buy in. The market is now starting to stabilize.
Follow the trend, consider entering long positions around 69500, with a stop loss below 69200. First target 70500, then aim for 71000. Steady and confident, grasp the trend for smooth gains! #BTC #ETH #比特币重新站上7万美元大关