This week opened high and closed low, with little fluctuation yesterday on Friday. BTC is still making adjustments around 70. Looking at the weekly chart, it should still form a small bearish candle, but from a larger timeframe perspective, the confirmed support level is at 63, and the recent uptrend hasn't actually been broken. In terms of positioning, we're still looking at higher levels; for long-term positions, if we have an entry at the bottom, we don't need to worry about it. For short-term, we just need to find a low position to look higher.
From a technical structure perspective, the daily candle is above the SAR, and the bullish trend remains intact. Yesterday's second test of the bottom didn't cause a breakdown either. Technically, short-term support has been established. Currently, external liquidity is also beginning to strengthen, which are all relatively bullish signals. If BTC can hold steady above 70 in the short term, we could see levels around 73 when the market opens next week.
BTC Operation Suggestion: Around 70200 looking up to 73000#加密行情震荡
This week opened high and closed low, with little fluctuation yesterday on Friday. BTC is still making adjustments around 70. Looking at the weekly chart, it should still form a small bearish candle, but from a larger timeframe perspective, the confirmed support level is at 63, and the recent uptrend hasn't actually been broken. In terms of positioning, we're still looking at higher levels; for long-term positions, if we have an entry at the bottom, we don't need to worry about it. For short-term, we just need to find a low position to look higher.
From a technical structure perspective, the daily candle is above the SAR, and the bullish trend remains intact. Yesterday's second test of the bottom didn't cause a breakdown either. Technically, short-term support has been established. Currently, external liquidity is also beginning to strengthen, which are all relatively bullish signals. If BTC can hold steady above 70 in the short term, we could see levels around 73 when the market opens next week.
BTC Operation Suggestion: Around 70200 looking up to 73000#加密行情震荡