#BTC hit 70,000 and fell rapidly. Many people started to make waterfall remarks to create panic.
In fact, if you look carefully at my previous article, I have mentioned that there is a need for gambling near 70,000.
Today's data also mentioned that there are fewer transactions, and high positions need to be changed to help the new step of high.
Secondly, the RSI index is already near 70, and it will touch the overbought sentiment near 70,000. It is a good thing to adjust the sentiment in the short term.
After saying so much, if you are still panicking, there is nothing you can do.
Short-term falling support
1 hour, 69,000, 4 hours, 68,300, and short-term 67,000 are all good supports. It is okay if the price falls back during the day without breaking these positions. The upward trend has not changed for the time being. After all, it is not a fall near 72,000.
In terms of narrative, there will still be interest rate meetings this week, large and small non-agricultural data, etc. The risk market sentiment in the United States is not too good but not bad, so don't panic!
PS: If you think I am afraid of running away, please go and see my analysis and data of today's market,#USstocks
