Bitcoin, after a strong rebound from around 59,800, is currently consolidating around 70,000.

The expectation was to see a short-term bottom and reach 70,000, which was exceeded. Then, it dropped from around 71,700, moved between 67,000-67,500, and recently fluctuated again between 68,000-68,500. Each of these moves has had a space of over 2,000.

Many people say that buying when prices are rising leads to a fall, and buying when prices are falling leads to a rise, making short-term trading very difficult to grasp. Since the rebound from last week's dip, the overall market remains in a weak rebound. As long as we don’t chase highs or sell lows, we can still win in the short term.

Many people struggle because they don’t pick good entry points, which makes the overall market very passive. Often, trading shouldn’t be rushed; opportunities come when they come. As for spot trading, never hedge against contracts, as this approach can trap you and make you more passive.

Today, Bitcoin is expected to continue consolidating, with support and resistance around the 68,000-72,000 region. After all, tomorrow’s Non-Farm Payroll report will guide the direction…$BTC