The passage of the U.S. SEC crypto bill and U.S. Treasury buybacks boosted market sentiment, driving Bitcoin up more than 8% past the $70k mark, while the other asset surged more than 20%. In particular, the latter’s rally is rare even over the course of a year. Faced with such a news-driven breakout from a sideways market, and with gains already so significant, it is not advisable to chase the rally even if you are bullish. Intraday, you can first take a short position and look for a pullback. First, take a short position around $69.5k, targeting around $68k. The other asset can be traded similarly. ​​​$BTC #BTC升破69000美元日内涨幅6.43%

Good morning on August 20! After touching above the 70000 level twice last night and early this morning, BTC failed to hold and declined to 68942. It is currently trading around 69300. From the four-hour chart, there are still no signs of a reversal, so follow the trend and go long this morning! $BTC Mingyuan 8/20 morning: Go long around 69000-68500, targeting around 69900-70800. $ETH Mingyuan 8/20 morning: Go long around 2240-2215, targeting around 2290-2330.

#BTC升破69000美元日内涨幅6.43% BTC previously mentioned that if the price broke above $6,4000, the market trend would shift from bearish to bullish. The current rally has reached around the EMA52 price on the 3D chart, with close attention on the pullback in the $69,000-$69,500 price range. This rally has mainly been driven by short liquidations. The real test is whether forced buying can give way to genuine demand—that is, whether real buying can continue to power the market after the short-squeeze “stampede effect” ends. Also watch the support zone at $67,000-$67,800: as long as it holds, the adjustment and absorption of high-level shorts on time frames below the current 1H chart will remain contained, and the bullish trend will continue if the price retests without breaking below it. $BTC ‌