#Gate广场四月发帖挑战 Bitcoin: Approaching a key resistance level at 74,000

On February 6th, after a significant volume surge and a low point of 59,000, it has been oscillating upward within the 60,000-70,000 range for the past few months, with the lows gradually rising, which is a positive sign.
In the past four days, BTC has been consolidating at relatively high levels, patiently creeping upward, just one step away from a breakout.
If it can break through and stabilize above 74,000, the next target is to challenge 80,000.
If it encounters strong resistance, it may need to test the support at 65,000 again.
The US-Iran war is the most significant variable.
Last time BTC faced a similar strong resistance at 97,000, a failed breakout led to a 38% correction, exceeding most people's expectations.
Of course, the current price level is relatively safe, and even if this breakout fails, the chance of falling below 60,000 is very low.
Looking at the Nasdaq 100, it has already broken through the important resistance at 606.
If it can retest and hold next week, it will be a good opportunity to add positions.
The CSI All Share Index has also broken through the key resistance at 6,050.
If it can retest and hold next week, that will also be a good opportunity to add positions.