Bitcoin fell back after a surge yesterday, and after inserting pins up and down, it is now back above 7w. The main force took advantage of the news to smash the market and complete the double explosion of long and short. Under the current market conditions, short-term operations are more difficult, and entry must wait for certainty. Either the market is stabilizing, or it is near key support. Do a good job in risk control and don’t be taken away by the wave.

At present, the outflow of Grayscale has slowed down, with only 3,000 outflows in recent days, which can basically be accessed by other ETFs. The impact from Grayscale will only become smaller and smaller. The general trend of the market is still determined by the economic cycle and fundamentals. Will change due to a certain entity in the market

Last night, the BTC pie went through a wave of heaven and earth needles, causing a large number of liquidations, but it failed to effectively fall below the key point of 68600, so it had little impact on the trend. As long as it can fluctuate above 7w, we will still remain bullish. Attitude, target new high, then around 75,000

From a graphic point of view, the 4-hour level of heavy volume has retraced EMA 20, and has now recovered above EMA 10. EMA 20 is just around the key point of 68,600, indicating that yesterday’s market had little impact on the overall trend, and is currently back at 70,000. , the overall trend is relatively stable. Below we can continue to focus on the key support of 68600. There is no need to panic until it fails to fall below 68600. You can continue to hold low positions and core currency spot prices.

In terms of points, focus on the short-term resistance at 71500 73000 at the top, and continue to focus on the short-term support at 70000 68600 at the bottom. In terms of ideas, we can still maintain low buys and breakthroughs.

In terms of operation, if it can form a shock above 70000, enter the market with a long order breakthrough idea, pay attention to 71500, if it breaks through with heavy volume, you can try to chase the long #BTC $BTC