The current trend of Bitcoin is undeniably exciting. On the 11th of this month, the analysis team encouraged everyone to bravely bottom-fish at 60500, providing rationale for the rise. The price smoothly reached above 69000, at which point the analysis team predicted a pullback for adjustment during the wave of increase, recommending a reduction in positions for risk avoidance. Afterward, the price fell to the predicted point of 65500 for further bottom-fishing. Currently, the price has once again reached above 71000. It is hoped that crypto friends can gain significantly from the analysis team's insights.
In fact, during this wave of price increase, the analysis has been continuously focused on the bullish trend. The daily price pattern has formed an upward channel, with peaks achieving three consecutive raises, and the entire upward trend line is complete and standardized. On the evening of the 27th of this month, concerned that everyone might be hesitant to go long, further analysis was conducted, affirming the bullish target. The price has cleared the upward obstacles. The aim is to help everyone avoid missing profits while also avoiding losses from mistakes. The analysis team is always in front of the computer, monitoring the market and ready to answer questions from crypto friends.
As Bitcoin has currently experienced an active buying surge and has previously cleared out trapped positions around 69000, the overall preparation for the upward main force is relatively sufficient. It is believed that reaching a new high and witnessing history is almost inevitable. After all, once a historical high is broken, all news media around the world will rush to report it, and the market enthusiasm will be unprecedented. The main force's effort will yield significant benefits. The price is currently around 71500, less than 2500 points away from the new high. The analysis team believes the main force is not concerned about this small distance.
Regarding the upcoming operations, the analysis team believes that once Bitcoin breaks a new high, it means all historical trapped positions are released, and all Bitcoin spot positions are in a profit phase. At this point, the market may easily experience price fluctuations. With the bullish enthusiasm running high, the upper space is completely opened, making it easy for profit-taking sell-offs to occur, along with the cleaning of long positions. For crypto friends who enjoy short-term trading, it is advisable to sell after nearing the new high, wait for a short-term pullback, and then buy back to hold, while waiting for the new world’s sprint.
For contract holders, as the price increase is an active behavior, it is difficult for it to drop quickly. It is recommended to attempt to enter short positions in the new high range of 73800-75000. Set a stop loss at 76000 points, with a short-term target of 71000 and a medium-term target below 69000. Of course, as the price maintains above the historical level of 71000, the pressure increases and the risks escalate. It is not advisable to hold long positions bravely while waiting for a breakthrough in this dangerous profit, as there will be many good opportunities in the future.
The expected trend from the analysis team mainly judges that the main force will perform a cleanup of long positions after reaching a new high, and then proceed to push the price up, avoiding the continuous holding of profit-taking and long positions. The ideal area for participating in long positions and spot purchases after the cleanup would be below 68000, at which point additional spot and long position actions could be taken.
At the same time, due to the rapid market changes and only a week away from the U.S. elections, if Trump is elected again, the price may accelerate upward.
A must-read for crypto friends: The main force employs various trading strategies, and ordinary participants can easily be confused and incur losses. Keep an eye on the analysis team to help you stand at a higher vantage point and pursue wealth in the crypto world with a professional perspective.#比特币政策 $BTC 
