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#Happy 16th Bitcoin Whitepaper Day - Share Your BTC Story This pump, 59000-73600, is close to 15000 points. If we take 75000 (which may be pulled back when the results of the US election on Monday and Tuesday next week are out) as the top, it will pump 16000 points. So the important position for the pullback (entering a large position with low long positions) is:
A.pullback coefficient 0.382, pullback position: 68888 (breaking the first support below the 70,000 level)
B.pullback coefficient is 0.50, pullback position: near 67155 (strong support below 68200);
C.pullback coefficient 0.618, pullback position: near 65150 (bull-bear watershed)
D.pullback coefficient 0.786, pullback position: near 62350 (the first strong resistance above 60k).
At present, there has not been a complete turnaround, only the convergence of long positions affected by Thursday and Friday's information (PCE tonight, non-farm payrolls the night after tomorrow), preparing for observation next month.