Bitcoin experienced a short-term rally yesterday following comments from the old special one, but the momentum failed to sustain. For this type of rapid spike movement, it typically lacks stability, and the price has precisely touched the resistance zone of 71,000~72,000 from the 19th, afternoon of the 20th, and evening of the 21st this month. The price has failed to effectively break through this level multiple times. Currently, the market remains in a bearish environment, so the probability of continued uptrend is relatively low. Therefore, entering short positions at the resistance zone remains a more effective approach. In terms of participation recommendations? It is suggested to continue entering short positions in the 71,000~72,000 USD range, with a stop loss at 73,000 USD. On the downside, we continue to target the 68,000-69,000 zone for the short term.
Bitcoin experienced a short-term rally yesterday following comments from the old special one, but the momentum failed to sustain. For this type of rapid spike movement, it typically lacks stability, and the price has precisely touched the resistance zone of 71,000~72,000 from the 19th, afternoon of the 20th, and evening of the 21st this month. The price has failed to effectively break through this level multiple times. Currently, the market remains in a bearish environment, so the probability of continued uptrend is relatively low. Therefore, entering short positions at the resistance zone remains a more effective approach. In terms of participation recommendations? It is suggested to continue entering short positions in the 71,000~72,000 USD range, with a stop loss at 73,000 USD. On the downside, we continue to target the 68,000-69,000 zone for the short term.