Bitcoin has reached its first target of 68300. Be cautious and reduce positions. It peaked around 68400. If you reduced your long position at 67000, just hold on. Today's strategy is to reduce long positions between 67680-67100. For the remaining positions, follow the article's guidance. Conservative traders should reduce positions and adjust to break-even.

Bitcoin surged to 68800 and then pulled back; should we buy the dip or is there a trend reversal?

Hello everyone, was yesterday's violent surge in Bitcoin safe? The long position from yesterday at 3824427256567000-66600 still met expectations, and we reached our second target of 68300. So how should we operate today?

Currently, there does seem to be a demand for a pullback, so we need to be cautious about going long at the 68000 level. Wouldn't it be better to wait for those who haven't boarded the train to join us at 70000?

In the four small time frames, the RSI 9-day moving average shows signs of turning down, the KDJ lines are forming a death cross and expanding downwards, the MACD green energy bar is above the zero line and starting to shrink, and the fast and slow lines below the zero axis are forming a golden cross pointing upwards, indicating there is still some room for a pullback. We need support at the 67600 and 67000 levels.

The market is quite volatile; as of the time of writing, the price is 67680, and we can directly enter a long position at this price.

The specific strategy is as follows:

38244272565 enter long position at current price of 67680, add to the position at 67100, defend at 66600, with targets of 68300-69300-70500.

The above is purely personal opinion, please consider it carefully!