#BTC BTC early morning dropped below the 70,000 level with a low touch near 69,500, but failed to form an effective breakdown. Instead, it executed a U-shaped reversal and quickly pulled back to the 70,500 line. This long lower-shadow structure on the hourly chart is a typical false breakout signal—the bears attempted a breakthrough but couldn't hold their gains and were instead pushed back by the bulls. This indicates strong buy support near 69,500, and the 70,000 level has transformed from a previous resistance level into short-term support.
From a technical indicator perspective, the hourl