Bitcoin hit a high of $67,700 over the weekend, but failed to hold steady. The daily K-line chart provided some support, and entered a short-term bullish oscillating trend. However, it should be noted that the 67,500 pressure level has been touched several times. If it cannot be broken today, a continuous divergence will be formed, and Bitcoin will step back to repair the indicator. In the bullish oscillating trend, the retracement will not be too large, with the target being the 65,000 area.
As for the upper pressure, if 67500 can hold firm, 69000 is a heavy pressure area, which is difficult to break through at once, and this will also be an important node for the conversion of long and short markets. Everyone should pay attention to it, and you can see 72000 when it goes up!
From the overall graphic structure, a head and shoulders bottom pattern is formed in four hours. 65,000 is almost the same as the neckline, so the probability of a pullback without breaking the rise is still quite high! A few days ago, we have been talking about the same source of profit and loss. I don’t know how many friends have lost their chips due to fear. We took advantage of the pullback to increase our positions in Bome and Pepe. After the rebound began, the trend was strong and the performance was very impressive!
The meme sector is a sector we have always been very optimistic about, and it is also a main theme throughout this bull market. Those who don’t have it must find an opportunity to configure it. This bull market is a bull market for big coins. The operation of altcoins is indeed very difficult. The rebound in the past few days is another living example. Many currencies have unlimited declines and limited increases, so the choice of currency is very critical.
Before the arrival of the water-released copycat season, it is recommended to focus on the following tracks: meme, AI, rwa, depin+sol. The inscription sector that was originally optimistic about will be temporarily eliminated. The rune launch has been a lot of noise but little action. At present, there is no better consensus and synergy, and there is a lack of capital behind it. We can only wait and see what new stories the miners can tell for the sake of profit... The specific currencies have been mentioned many times, and if there are new promising varieties later, we will inform everyone in the community as soon as possible.
Those who are scared out of the market can take advantage of the retracement to 65,000, and it is best to take back the chips after the pin breaks through 65,000, and wait for the cottage to make up for the rise! For those with heavy positions, it is recommended to reduce them a little when the price reaches 69,000. After all, it is not a big unilateral market at present. In addition, the inflation rate in the United States is not as fast as expected, and the geopolitical tensions in Gaza and Iran. These uncertain factors may have an impact on the market at any time. Reduce some positions during the rise, and you can attack or defend. That is the most comfortable state!
