From the daily chart, the price of Bitcoin fell back after it hit 71500. We can clearly see from the four-hour chart that Bitcoin has tested our upper pressure level 5 times.

From our current market, we still cannot blindly chase our longs. In this wave of retracement, we can see that the price of Bitcoin rebounded and tested the golden section 78.6 above before falling again. So we should pay attention to the position of 78.6 above. If it stands above for so many days, it may hit our high point again.

But I don’t think this possibility is very high. It may still go through a wave of callbacks or fluctuate widely around 70000, and then look for opportunities to rise. From the overall idea, don’t rush to open longs in the short term. Wait for a clear support signal to appear below before choosing longs.

In terms of operation, it is recommended to arrange long orders in batches at 69000-68500-68000, with the target around 71000-72000, and risk control around 67000. I emphasize again that no matter how high your judgment of the future market is, you must take profit and stop loss well. #比特币披萨节 #BTC突破7万大关 #5月市场关键事件 $BTC