Last night, the Bitcoin market experienced intense volatility, with prices rapidly surging in a "short squeeze" manner, briefly rallying nearly 5000 points and reaching a high of $70,100. However, this key psychological level failed to hold firmly, and the bullish momentum quickly exhausted after hitting the high. The market then faced downward pressure and retreated, with prices currently consolidating around $69,000. This trend indicates that although the bulls temporarily gained strength to push higher, they encountered strong supply pressure at high levels, and market enthusiasm for chasin
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