From the 1-hour chart perspective, Bitcoin's candlestick is starting to bottom out and rebound, forming a V-shaped recovery. However, the rebound is about to hit the MA60, which is the 70,000 mark. If it fails to break through and stabilize above 70,000, it’s likely to experience a pullback after the surge, leading to a second retest. Therefore, it’s not recommended to chase the rally near 70,000. $BTC #Bitcoin