Today can be said to be extremely thrilling and exciting, directly breaking the historical high. Intraday upward movement approached 6000 points. I mentioned this morning that the general direction is upward, and the campaign will definitely increase buying pressure. I just didn't expect it to rise this high, basically not giving any chance for a pullback. As I said, I want to hit the road lightly, and currently there is basically no resistance above. The only level visible is 75600, so it's not easy to trade at the moment. The position is too high to dare chase; if it pulls back, it will definitely not be a small movement. So, if trading in the near term, try to manage risk well.
With Trump's rise, everyone knows it's a favorable action. However, my personal thought is to avoid crowded places; when good news is fully priced in, it becomes a gap. I won’t elaborate on the technical aspects; currently, it’s a one-sided trend. Resistance and support are basically ineffective, and I am now shifting my view to look downward, but I believe there will be a second chance to test the peak. The layout can be near the previous high. Once in, hold it long!
Bitcoin trading advice: Around 75500, go south
