The overall correction structure over the weekend did not cause a trend reversal. The probability of Bitcoin continuing to rise is high and testing the pressure of the top 70,000 mark. The most important news this week is the interest rate decision and unemployment data on Wednesday. You can temporarily adjust the leverage appropriately to reduce the risk.
From a technical point of view, all indicators clearly tell you that it is basically a bull market now. The position we gave yesterday was also the 69,300-70,000 pressure level. This morning, a real positive column on the daily line gave confidence. The price continued to run on the rising trend line. The hourly level broke through the upper track in the morning, and the moving average also climbed upward.
After this conference, Bitcoin’s positive news was exhausted, but it only flashed to 66,600 and then broke through the previous high again. This is a strong bullish signal. Only when it stands firmly at 70,000 can it be said that this round of fund-raising and washing has ended. More opportunities will appear in the cottage and ETH next.
Don’t take the risk of shorting in the short term! For intraday operations, you can do more when the price falls back. The support level is 68300-68000. The target for entering the long position is 70000 integer level. The breakthrough position can be seen whether 70000 will break through with large volume. You can chase a short-term long position. The pressure level is raised to 71500-72000
