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Bitcoin once again tested near 71,500 yesterday and fell back under pressure. The price fluctuated all the way down during the day and returned to fluctuating below 70,000.
The 4-hour chart fluctuated around the middle track and then recovered the lost ground from the previous day. The current low is temporarily rising upwards. The low has not been broken in the short term, which limits the downside space. There are changes in the long and short positions. If it is more stable, it will fall below the neck. After the line reaches a low point, the trend will be bearish. Before it is broken, it will be repeatedly tested or inertially probed for highs, forming a long-lasting and unbreakable trend of weakening power.
It is currently in a high-level see-saw stage. In terms of operation, there are opportunities for high altitude, low and long positions, and we are waiting for a breakthrough in the see-saw shock. Bollinger Dow is currently contracting, and it is not ruled out that this week will end with a see-saw shock. Before the position is broken, do not be too unilateral in the large space.
Personal Bitcoin operation suggestions are to go long around 69300-69000, with a target around 70500-71500. You can continue to hold long orders at low levels! #BTC #比特币合约交易