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#BTC Main force rhythm update
The market has retraced to the Fibonacci 0.5 retracement level at 71.4K, and is also at the key support of the lower boundary of the upward channel. The bulls and bears are entering an important stage of competition. If the price effectively breaks below the lower boundary of the channel later, caution is needed for further testing of the 0.618 retracement level; however, the buying support below is strong, and there is always a chance for a technical rebound.
Trading strategy: The key trading nodes have arrived. Short positions can be gradually taken profit and exited, while long positions should focus on opportunities to support the area.