🚨Bitcoin Market Analysis🚨🚀
The recent market for Bitcoin has been quite frustrating, after securing profits on short positions, I haven't taken any further actions. I switched to a long position in SOL, and after closing the SOL position, I am now holding a long position in BTC. Based on the current trend, it is at the stage of breaking through the 69300 level, and the possibility of a breakthrough with a retracement tonight or tomorrow morning is relatively high.
If Bitcoin can break through 70000 this week, I would expect it to reach 71945-71109 by Friday. If it cannot reach that, a retracement around 70500 is also quite possible, and this retracement might go down to 66454-65718-64875. It’s worth paying attention to the support situation around 67276-67560.
Currently, there is a divergence between bulls and bears in the uptrend, the bulls are driving the rise while still carrying the bears. I hope that after the non-farm payroll data is released on Friday, we can complete a washout retracement next week, with bulls and bears completing their confrontations, leading to the first wave of a bull market before the election.
Initially, I didn't believe Bitcoin would reach 70,000 before the election. 🤨🧐🤔🤫#BinanceBlockchainWeek #比特币布林带收窄至低水平 #BTC突破6W9 #PCE、非农数据来袭 #phantom钱包宕机 $BTC