The commander remains bullish on Bitcoin, but the prerequisite is that it must not fall below 69200. Why is 69200 a key level?

At 5:30 AM today, the commander stated that if previous trades hit the stop loss, the stop loss should be reset to 69200, and a new long position should be directly initiated. He emphasized that the stop loss at 69200 must be set properly; once it is hit, the overall structure will change. It can be seen that the commander continues to be bullish on Bitcoin, but the prerequisite is that it must not fall below 69200. Once it falls below, significant changes will occur.

Just after the commander opened a short position, Bitcoin began to decline, having dropped to around 69500. The price corresponding to the previously drawn downward trend line is 68911; if it falls below here, Bitcoin will really return to the range. Currently, in the commander's view, Bitcoin is still in a bullish state, with the key being that it must not fall below 69200.

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