Bitcoin briefly returned to above $70,000 this week, but quickly fell back to around $67,000, with the market exhibiting a volatile pattern of "rebound failing to hold the highs." Furthermore, the ongoing tensions in the Middle East dragged down Asian stock markets, with the South Korean stock market recording its largest two-day drop since 2008. Analysts point out that the recent market has experienced a "shock-liquidation-reconstruction" cycle. The weekend sell-off was largely driven by forced liquidations and low liquidity, leading to a rapid rebound after the pressure eased. This pullback also reflects the accumulated disappointment following previous market crashes. With stocks and precious metals performing strongly, crypto assets are relatively under pressure. If the resistance above remains effective, Bitcoin may need to consider testing the $63,000 level. Whether Bitcoin's price can rise depends on whether the inflow of ETF funds can continue this week. (CoinDesk)