Liang Xi's latest analysis is very comprehensive. The price of Bitcoin reached a high of 67,700 US dollars over the weekend, but failed to stand firm. The daily K-line chart has some support and entered a short-term bullish and volatile trend. However, it should be noted that the pressure level of 67,500 has been touched several times. If it cannot be broken today, it will form a continuous divergence. Bitcoin will step back to repair the indicator. In the bullish and volatile trend, the step-back amplitude will not be too large, and the target is 65,000 area.
As for the upper pressure, if 67,500 can stand firm, 69,000 is a heavy pressure area, which is difficult to break through at once, and this will also be an important node for the conversion of long and short markets. Everyone should pay attention to it at that time, and you can see 72,000 when you go up!
Friends who are scared out of the market can take advantage of the step-back to 65,000. It is best to take back the chips after breaking through 65,000 and wait for the cottage to make up for the rise! For those with heavy positions, it is recommended that you reduce some of your positions when the price reaches 69,000. After all, it is not a one-sided market at present. In addition, the inflation rate in the United States is not as fast as expected, and the geopolitical tensions in Gaza and Iran are uncertain factors that may impact the market at any time. Reduce some positions during the rise, and you can attack or defend. That is the most comfortable state!
