BTC surging past 70,000, is it a reversal or a rebound? How long can it hold?

Currently, BTC is aggressively approaching the 70,000 level, with ETH and SOL leading gains of over 13%. Coupled with positive earnings reports from Nvidia and Circle, market sentiment is high, but a rational assessment is necessary:

- Technical Perspective: There is a dense trading pressure zone between $68,000 and $69,000. A volume breakout above this range would provide a basis for a reversal; if it pulls back on lower volume, it is likely just a rebound.

- Sentiment Perspective: Short-term positive news is being fully priced in, and market sentiment may become overheated. However, the lack of sustained incremental capital support raises doubts about the longevity of this sentiment.

- Time Dimension: This rebound is more likely a short-term correction, lasting around 1–2 weeks. Close attention should be paid to the breakout above $68,000. #加密市场开年反弹