The small fluctuations in the market last night made many investors worried, but overall, the market is still bullish and the bullish atmosphere still dominates! On the 4-hour chart of Bitcoin, a W-bottom reversal pattern was successfully formed, and the price successfully broke through the neckline upward. The breakthrough of two high-volume positive lines shows that many forces are prepared. The current consolidation of Bitcoin prices indicates that neckline support has been consolidated and the trend looks relatively solid. The MA30 on the daily line is pointing upward at a 45° angle, showing that the short- to medium-term trend is a strong bull market. #BTC超话

At this position, we need to pay attention to the time and intensity of Bitcoin's breakthrough to the previous high. If the price reaches a new high within 48 hours, or a certain cryptocurrency takes the lead in showing a violent positive line, it may trigger a certain amount of selling pressure. At this time, you can consider selling high and buying low to capture the price difference. If the market moves downward first, you can pay attention to the support position near the neckline and previous trend line.

Generally speaking, the market is still preparing to break through to new highs, and an upward breakthrough is more likely. Therefore, we do not recommend short positions, especially not to be overly involved in altcoin trading. The short-term support is at $68,978, and the mid-term support range can refer to the neckline of $67,836.