News Disturbance Follow-up: How to Navigate the Market Going Forward?
Daily candlestick closed above the 70000 watershed level. The market can no longer be treated as an extremely weak trend; subsequent positions should be predominantly long with short plays as secondary.
Yesterday's US-Iran false alarm message suddenly impacted the cryptocurrency market, causing Bitcoin to experience an extreme roller-coaster move with daily volatility close to 8000 points. After an initial sharp decline to test support, followed by a violent rally, bulls briefly surged to 72000 resistance level. Although the price didn't stabilize directly above it, the daily candlestick successfully held above the 70000 critical level at close. With market panic sentiment dissipating, the market has returned to rationality, no longer showing an extremely weak downtrend pattern.
From a technical perspective, the four-hour K-line shows a double-yang reversal and uptrend, with price consistently trading above the mid-band. MACD energy columns continue to diverge, showing strong bullish momentum and effective short-term rebound structure. After overnight consolidation, the 70000 watershed has remained unbroken with strong support below, establishing it as the core boundary between bulls and bears in the short term.
The current market has entered a wide-range box consolidation pattern. Key resistance above includes the 72000-72500 short-term trapped positions pressure, as well as 74000 and 76000 critical resistance levels. Before a strong and effective breakthrough appears, avoid blindly chasing rallies.
This week's overall strategy adjusts to long-first-then-short, utilizing box-range high-selling and low-buying: if it retraces to 70000-70500 and stabilizes, consider establishing long positions based on support, targeting the 72000 and 74000 levels; if the rebound encounters resistance in the 74000-76000 range, short positions can be considered.
This week's key focus is on whether 72000 breaks through with volume. If it stabilizes above that level, bulls may continue their advance, recovering previous losses and targeting 74000-76000 levels; if price faces pressure above 74000 and falls back, the market will likely return to wide-range consolidation.#BTC突破71000美元 #BTC $BTC
News Disturbance Follow-up: How to Navigate the Market Going Forward?
Daily candlestick closed above the 70000 watershed level. The market can no longer be treated as an extremely weak trend; subsequent positions should be predominantly long with short plays as secondary.
Yesterday's US-Iran false alarm message suddenly impacted the cryptocurrency market, causing Bitcoin to experience an extreme roller-coaster move with daily volatility close to 8000 points. After an initial sharp decline to test support, followed by a violent rally, bulls briefly surged to 72000 resistance level. Although the price didn't stabilize directly above it, the daily candlestick successfully held above the 70000 critical level at close. With market panic sentiment dissipating, the market has returned to rationality, no longer showing an extremely weak downtrend pattern.
From a technical perspective, the four-hour K-line shows a double-yang reversal and uptrend, with price consistently trading above the mid-band. MACD energy columns continue to diverge, showing strong bullish momentum and effective short-term rebound structure. After overnight consolidation, the 70000 watershed has remained unbroken with strong support below, establishing it as the core boundary between bulls and bears in the short term.
The current market has entered a wide-range box consolidation pattern. Key resistance above includes the 72000-72500 short-term trapped positions pressure, as well as 74000 and 76000 critical resistance levels. Before a strong and effective breakthrough appears, avoid blindly chasing rallies.
This week's overall strategy adjusts to long-first-then-short, utilizing box-range high-selling and low-buying: if it retraces to 70000-70500 and stabilizes, consider establishing long positions based on support, targeting the 72000 and 74000 levels; if the rebound encounters resistance in the 74000-76000 range, short positions can be considered.
This week's key focus is on whether 72000 breaks through with volume. If it stabilizes above that level, bulls may continue their advance, recovering previous losses and targeting 74000-76000 levels; if price faces pressure above 74000 and falls back, the market will likely return to wide-range consolidation.#BTC突破71000美元 #BTC $BTC