Let's talk about the next trend ⚠️❗️❗️
From the current big cycle, the pressure on the weekly line of Bitcoin is around 67,500 US dollars. This is the key position of the upper edge of the downward trend line that started from 73,777 US dollars. If it can break through here, the subsequent space can be imagined. If it cannot break through here, it will continue to pull back.
Since the decline from 73,770, this cyclical adjustment has been nearly 6 months. October is coming soon, but BTC bulls are still short of the final push. You can be optimistic, but not too optimistic. So there must be more small pullbacks recently. Many people say that the dealer will not reverse to pick up people. Do you dare to get on the car when there are many people reversing to pick up people? At that time, will you feel that a real big drop is coming?
According to the intraday level of liquidation, we can see that the position with higher liquidation intensity of the big cake bulls is at $64,780, while the position with higher liquidation intensity of the air force is at $66,300, so there are only two trends in the future, either directly to $66,300, or to pull back to around $64,800, and continue the last wave of upward attack. If the current trend continues, it feels that there will be another wave of upward rush. If it does not break around $67,500, then the real pullback will come. The key point of the change is in these few days.
The best game point for the air force is to do it near $67,500, and run away after breaking through $68,500. Personally, I think that when this wave of rise ends, there will be another wave of deep pullback, and the high point of this round will also be produced in these few days.
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