$BTC Evening Viewpoint:
Since Bitcoin broke through 73000, just 200 dollars away from the previous high, it has remained calm for the past few days with no fluctuations. What’s going on? Is Bitcoin tired? Is it time for a break? Or is it simply not aiming to break the previous high and create a new one? Or is it waiting for something?
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Looking at the 4-hour chart, there have been 2 consecutive doji candles, indicating a division between bulls and bears. The presence of two doji candles shows a serious disagreement between bulls and bears. Bitcoin also needs a correction, but will it correct itself sideways? We’ll wait for the data release at 8:30 tonight, and see how the U.S. stock market opens! Be mindful of your stop-loss levels in the chart, remember to trade lightly on the left side, and if it confirms a break below on the right side, there’s still time to add positions. If you don’t understand, feel free to ask, and pay attention to changes in volume.