Rising trend analysis: This time, Bitcoin may soar to nearly $72,000 again.
BTC broke through the psychological defense line of $60,000 in one fell swoop, with an increase of more than 12% last week, and its market value jumped to more than $1.23 trillion. In terms of sentiment, there may be a one-sided upward trend again. Bitcoin may reach 72,000 again
However, the time for a crazy bull market has not yet arrived. If it reaches $72,300, it will trigger a short liquidation of $5.6 billion, which may become a stumbling block to the rise.
Key indicator warning
The data shows that Bitcoin's foreign exchange reserves have risen and selling pressure has gradually increased. aSORP turned red, indicating that investors have taken profits, which is similar to the signal of the top of the bull market. In terms of market sentiment, high unrealized profits coexist with the fear and greed index of 69%, indicating the risk of price correction, and historical data also supports this judgment.
Technical interpretation:
The daily chart shows that Bitcoin's trend is mixed. Chaikin fund flow suggests that momentum is weakening, while RSI remains strong, indicating that short-term buying demand remains unabated.
Strategy
Despite the possibility of adjustment, the Bitcoin rainbow chart still points to the "buy" range, which is regarded as a good opportunity for layout before the new high. This reflects the willingness to increase holdings.
Rolling position compound interest bets on one-sided market. You can enter the market with a small multiple of the head position during the callback. Click my avatar for short-wave contracts and I will tell you what to do.
#币安7周年 #美国大选如何影响加密产业？ #BTC #ETH
At present, the bull market is surging, and we have the opportunity to share passwords every day.
The same sentence, if you don't know what to do in the bull market, click on my avatar, follow, bull market spot planning, contract password, free sharing.
I need fans, you need reference. It's better to follow than to guess.
