Renowned trader Cred believes that $71,000 is the key threshold for Bitcoin's next major directional move. He pointed out that after Bitcoin broke above $70,000 for the first time since mid-February, it immediately faced selling pressure. Currently, Bitcoin's trading price is close to $67,000, and the price trend indicates a possible downward retracement. Cred emphasized that any claims of a sustained rally are premature until the $71,000 level is effectively broken.
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Renowned trader Cred believes that $71,000 is the key threshold for Bitcoin's next major directional move. He pointed out that after Bitcoin broke above $70,000 for the first time since mid-February, it immediately faced selling pressure. Currently, Bitcoin's trading price is close to $67,000, and the price trend indicates a possible downward retracement. Cred emphasized that any claims of a sustained rally are premature until the $71,000 level is effectively broken.