The current price of BTC/USDT is 67,884.02 USDT. The chart shows that the price is in a strong upward trend, and several moving averages (MA) also support the bullish trend. Some key points in the chart:
Price breakout: The price is approaching a high point and has exceeded several short-term moving averages (MA 7, MA 25), which indicates strong buying in the short term.
Mainline trend: MA 7 and MA 25 are both moving upward, and the price is running above these moving averages, indicating that the market is in a strong upward channel.
Volume: The current volume is not particularly large, but it is enough to maintain the current upward momentum. If the volume is further enlarged in the next few days, it may drive the price to continue to rise.
Investment advice:
Short-term strategy: If you are a short-term investor, you can consider observing the market trend in the range of 67,800-68,500 USDT. If the price breaks through 68,500 USDT, it may continue to hit 70,000 USDT. If the market shows signs of a pullback, you can go long near MA 25 (about 62,738 USDT).
Stop loss point: Given that the current price is at a high level and there is a risk of a pullback, it is recommended to set a stop loss below 64,000 USDT to prevent a sudden pullback in prices.
Long-term strategy: If you are a long-term investor, you can wait for a market pullback, especially when the price falls below 62,000 USDT. Bitcoin may be in a period of increased volatility during this period, but the overall market sentiment is still bullish.
Considering market uncertainties, it is important to pay attention to external news such as the Fed's policies and macroeconomic conditions, which will have an important impact on Bitcoin. #BTC突破6W8
