About whether Bitcoin will rebound
"Bitcoin is under pressure after rising to $110,000: high leverage liquidation + policy uncertainty, $69,000 may become the retracement bottom line"
After Bitcoin surged to $110,000, the market showed a significant correction, mainly due to short-term surges triggering high-leverage funds to take profits, with over $400 million liquidated in a single day.
Although institutional funds (such as ETFs and corporate hoarding) and regulatory positives (U.S. stablecoin bill) support the long-term trend, the short-term overbought situation combined with the uncertainty of Federal Reserve policies creates technical retracement pressure.
If it breaks through key support levels (such as $95,000), the crow thinks it may dip to the $69,000 range, which is close to the institutional holding cost line and the historical dense trading area, potentially forming a stage bottom.
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