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BTC Market Analysis

On the daily chart, after breaking through the 70,000 mark in the morning, Bitcoin started to absorb at high levels all the way. Currently, the price is oscillating above 71,000. On Friday, Coin Brother had already told his real friends that the upward channel had been established, and it was a no-brainer to go long on the pullback. The daily price support has come near 68,800, and the indicator shows signs of the fast and slow lines opening up and the conversion of long and short energy. If the price continues to stabilize above 71,000 on the daily level, it can continue to go long without considering the points for more than 8 hours. On the 4-hour candlestick chart, 68,400 has formed a new support level from the previous suppression, and the MACD bullish volume is gradually shrinking, with the KDJ running at a high level. There are obvious signs of weakening bullish strength in the overall 4-hour Bitcoin, so it is recommended to go long on the pullback in the short term, and aggressive traders can try short-term battles. On the hourly chart, the BOLL is contracting, and the price will form a high-level oscillation for a period of time. In the short term, 70,500 has formed support for the upward channel. Overall, it is recommended to continue to go long on Bitcoin in the future.

BTC Operation Suggestions

Long at 68,400-68,900

Suggestions are for reference only, take profits at your own discretion

Strength is not just talk on paper, nor is it bragging about profits. Strength is a meticulous mindset combined with strict execution. Go out with a goal, come back with results. There are no markets where you don't make money, only orders that you can't hold onto. When others are making profits and you are in a loss, you might as well chat with Coin Brother from the West. The bond starts with reading, recognition starts with adding, trust starts with experience, and profits start with following. As long as you are willing, I will not let you down!

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