Let’s talk about today’s thoughts: #BTC
According to the observation on the 4-hour chart, the bullish trend of Bitcoin fell rapidly after reaching around 71,700 yesterday, and the price is now testing near the mid-track again. The bullish trend remains strong, and the one-hour chart shows that short-term bullish power is increasing. Nonetheless, it is prudent to wait for further pullbacks to the bottom before considering entering the market. Overall, there is still strong pressure at the top, so it is recommended to wait for the bottom before entering the market and going long.
Morning thoughts:
BTC hit support near 68,700 and is expected to rise to 70,000.