Bitcoin breaks through the consolidation triangle, but can it pull back to POC?
Market review, the price got support at VAL after breaking through the consolidation triangle, the pin rebounded quickly, and then the price slowly approached POC, which seemed to be blocked again, and it is suspected to continue to bottom out. Still pay attention to the potential bullish butterfly.
Violent shorts are shorting at the current price. Note that there is a small gap near 68.3k. Aggressive shorts can try to place orders on the left side here.
For bulls, the best opportunity is still the potential butterfly position. You can focus on each previous low. If there is a false break and recovery, you can do H-level short long.
I don’t like to watch the market, and prefer the left-side trading strategy. The trading strategy is time-sensitive. All remarks do not constitute any investment advice. I wish you all good luck~
