Take a look at the current BTC chart. Today, the market rallied all day, hitting a new high—peaking at 66915. Then it pulled back from the high to digest the overbought pressure. Now the KDJ has already turned down; short-term pullback momentum has slowed down. The key boundary line is 66162, the Bollinger middle band.


As long as it holds the middle band, there is still a possibility that the bullish trend will continue. If it can’t hold and breaks below, it will need to find support below at 65421.
Now it’s in a phase of choosing direction. There’s no need to rush into the market—wait for a clear signal from the chart before looking for opportunities.
Bullish: wait for a pullback and observe after stabilizing around 66150-66160. If it breaks below 66100, stop looking for long/bullish opportunities. If pressure at 66850-66915 is unable to break through, keep an eye on the pullback rhythm. Supports are at 66160 / 65420.
BTC0.94%
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