#Gate2月衍生品市场份额创新高

Bitcoin has retreated under pressure from its previous high of 73,800, with prices entering a phase of pullback structure. Yesterday morning, it dipped to 70,470 where it found short-term support, followed by a technical rebound at noon, rebounding to the 71,300 region before retreating under pressure. In the afternoon, it tested the low of 70,300 for a second time, confirming the validity of the short-term support zone. Subsequently, it entered narrow-range consolidation at low levels, with long-short dynamics becoming cautious. At 7 AM today, prices showed exploratory upswings with short-term bulls showing some movement, currently trading around 71,200. From a technical perspective, the key focus above is the 71,500-72,200 resistance zone, which represents a confluence of previous dense trading area and short-term pressure. An effective breakout and stabilization is needed to confirm the continuation of the rebound structure; if the rebound lacks strength and fails to stabilize, prices risk further pullback and testing of lower support levels. Overall, adopt a cautious stance toward the oscillating market.$BTC