BTC: If it continues to fluctuate for a few more days, the 120-day moving average will gradually approach the 66,000 price level, which also implies the importance of the 66,000 price level. Last time the price touched 56,500 there was a recovery (which is the 120 day moving average), if the 66,000 level is broken it will test the 60,000 level again. It is normal for BTC price to reach 60,000, it has no effect on BTC, I am afraid that when the price hits 60,000, altcoins will collapse again.

In the past two days, the price continuously tested around the 66,000 level, last night after falling to near the 66,000 level, there was no recovery, the daily chart still closed with an average bearish candle, this makes people a bit worried. quiet, but for now there are no problems. Pay attention to the weekend, if the price keeps fluctuating around 66,000, the risk of a breakout will increase.

Regardless of whether the 66,000 level is broken or not, in order to prevent risks, the contract should not be opened. If opened, the position should be reduced, ensuring that the bearable risk exceeds the 60% reduction. In addition, if in the next few days there is a recovery, recovering to about 71,000, you can also consider reducing your position. In a super large market, the market will likely need a thorough correction and the cycle will be longer.