$BTC Bitcoin Technical Analysis: 1. The level of 70,500 is the Fibonacci 0.5 retracement of the last upward move + the 1D level EMA21 + previous resistance (support-resistance conversion) + the POC of the last upward move, so it is normal to find some support at this level; however, there is a saying that support is meant to be broken; (Figure 1) 2. The level that should be focused on more is the 66-68 range, which is the midpoint of the overall rebound market, the overall upward POC, and just broke below the rising trend line. The performance here can help us more clearly determine the market trend; (Figure 2) 3. In terms of indicators, the daily RSI has the potential to form a death cross. If the 70,000 level cannot find effective support, then the death cross will be confirmed. This death cross formed in the later stages of the overall rebound will be more powerful than the previous one, with MACD returning to the zero axis underwater. Conclusion: If this is just a daily level rebound; then its wave structure is complete, the indicators have rebounded to the right levels, and it aligns with expectations in terms of time and space, it is a complete rebound that can already be considered finished.