The market is currently in a range of bullish and bearish battles after an oversold rebound, with the core fluctuation zone between 68000 and 69900.
The price has already broken above the MA7 moving average, indicating a short-term bullish trend, but it is being suppressed by the MA25 moving average above.
Focus on whether the price can increase volume and break through and stabilize above 69000. If it breaks through effectively, the next target is the psychological level of 70000.
If the price faces resistance near 68700 (MA25) and falls back, and breaks below 66800 (MA7) support, it is highly likely to retest the support level at 64700.
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The market is currently in a range of bullish and bearish battles after an oversold rebound, with the core fluctuation zone between 68000 and 69900.
The price has already broken above the MA7 moving average, indicating a short-term bullish trend, but it is being suppressed by the MA25 moving average above.
Focus on whether the price can increase volume and break through and stabilize above 69000. If it breaks through effectively, the next target is the psychological level of 70000.
If the price faces resistance near 68700 (MA25) and falls back, and breaks below 66800 (MA7) support, it is highly likely to retest the support level at 64700.