In the morning, Bitcoin hit the 66500 mark, but did not give the entity space to break upward. We also said in the morning that we would do a wave of retracement and go long, but the low point of a wave of downward movement came to around 65200. We also followed the trend to reach our long position entry point. We are currently holding long positions near 65400. The current price ratio is around 65700.
Judging from the current trend, the morning short volume is about to end. It is obvious that there is a strong support near the bottom of 65000. This morning, the retracement was nearly 1,000 points. After the bottom gradually stabilized, it is time for the bulls to continue to exert their strength. From the hourly level, it mainly depends on whether the area around 65200 is stable. We will continue to look up in the afternoon.
Bitcoin idea: long near 65500, target 66500
