Daily market interpretation - BTC

Yesterday, in a period of optimism, Brother Tang emphasized the risks.

The price briefly broke through the upper limit of the range at 71,300 and reached a high of 71,758.

That is to say, our short-term chips can easily stop profit perfectly.

For the short-term (below 1H), 71,300~73,777 is the previous high area.

In addition, the internal structure and energy did not follow the recent upward surge,

It is easy to lead to a trend similar to last night's high and sharp drop.

Being cautious in chasing highs is an indispensable trading quality.

Pay attention to 69,788~69,090 in the short-term low-multiple area.

From the 4H (mid-term) level and above, the market is still on the bullish side of the trend line. I am not pessimistic about the medium and long-term trend, and it is allowed to continue to hold positions in the medium and long term. The probability of the daily line going up and breaking the high after 3~5 days of consolidation is high (please refer to the standards given in yesterday's video analysis for true and false breakthroughs)! #BTC突破7万大关