I've been on a business trip these past two days, and today when I opened the market, I saw that I had taken profits.

October 29 BTC Perspective
Last night I reminded everyone to go with the trend and do long positions. The position at 69000 has already seen two waves. This time, they will definitely find a way to make you give it up. After touching 69300, there was indeed a pullback to lure shorts, but today's result has indeed slapped many people's faces.

This morning, after the market opened, Bitcoin surged to around 71600, but then the pullback was weak, and the long position performed exceptionally strong. Currently, you never know where the resistance is above. If you ask me, I won't guess the current resistance level; I will just look at the previous highs and go with the trend. The current long position trend is obvious; even if there is a pullback, there will be room. At least until there is no obvious short position trend, I won't blindly go short.

So instead of guessing the top and going against the trend to catch those pullbacks, it’s better to wait for a pullback after going with the trend. Technical analysis has people who say short positions have their own set of rules, and others say long positions have their own set. Who should you believe? The final results will only tell you who is right and who is wrong.

BTC Suggestion: Long around 70600-70800, target 72000. Add at 70000, with a stop at the early morning rise level of 69700.
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