The $BTC target of 70,000-72,000 has been reached, and the liquidity at 70,500 has been taken out. I don’t think 70,000 will break down in one go. There’s a high probability of a rebound here. If there’s no rebound, the next support is at 65,000. Right now, the funding rate is very positive, so there’s more fuel for the drop. Only when the $BTC ETF turns back to inflows and the funding rate turns negative, with more short sellers coming in, will a reversal be possible. It’s just like when $BTC was at 76,000-79,000, and the funding rate was very negative back then. Now, think of it the other way around.