Bitcoin (BTC) performed strongly last week, closing at 69,000+ in the morning.
On the weekly chart, after 7 months of volatility adjustment, the MACD indicator finally showed a golden cross signal, and 69,000 was the high point of the previous bull market.
At present, BTC is expected to hit the 70,000 level again, but it is more expected to see a strong breakthrough of the big positive line rather than a slow climb. It is not easy to break through this level, and the possibility of intraday breakthrough is small. Be wary of the volatility risk during the adjustment period.
In addition, altcoins generally made up for the rise yesterday. According to Binance perpetual contract data, the BTC long-short ratio is 0.67, indicating that the short force is relatively sufficient.
Once the last pressure zone is broken, the chain reaction of the contract market is expected to push BTC towards 80,000+.
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