BTC
Analyze Bitcoin
If you don't advance, you will retreat. This time, Bitcoin obviously did not retreat quickly, and held the previous 66,400 US dollars. Holding here means that Bitcoin is ready to break through at any time.
It is very easy to judge here. The fluctuation range of Bitcoin at this position is very small. The lower part is the support of the previous high point, and the upper part is a long-term downward trend line. After breaking through here, it is the long-awaited 70,000 US dollars.
Just wait for confirmation here, the Shanzhai season bull market will return at any time, but this position also needs special attention, because it is necessary to confirm whether it is a false breakthrough or a stable position. If it is a false breakthrough, it will at most touch and go back to continue to sort out and seek breakthrough opportunities.
If it is a real breakthrough, 70,000 here must not only require volume cooperation, but also break through here in one breath and cannot stay. The best trend is to go directly to 73,777 US dollars, and then pull back to regard 70,000 as a support level. At this time, it is considered okay to return to a wide range of fluctuations.
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