As you can see, Bitcoin closed a relatively short K-line at the daily level yesterday, with very short upper and lower leads, and the price fluctuation was not large. This reflects that there is selling pressure above the current price position, and there is capital buying below, and the market feedback gives us a relatively neutral result. It is predicted that Bitcoin will fluctuate in the range of the previous high of 66,500 to the upper rail of the descending channel of 68,424. I think this range is a healthy range of fluctuations. Because breaking through the previous high and then rebounding upward is a common price behavior for us, if it does not fall below the previous high, it is likely to continue to test the upper pressure.

At present, Bitcoin has reached a very important time to choose a direction. There is no good trading opportunity at the short-term level. If there is a short-term opportunity in the future, I will share it with you. For long-term friends, assuming that they enter the position of 59,800 mentioned earlier, they can go to the pressure level of 68,400 to make a stop-profit reduction position, and it will not be too late to enter when Bitcoin breaks through the trend line and steps back. Assuming that Bitcoin's callback is relatively fierce, 64,800 and 59,800 are still an entry opportunity. The general trend is still bullish, and Bitcoin will only take a couple of weeks to find its direction, so please stay tuned.

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