There is only one direction for investment, not long or short, but the right direction. I am the Coin Brother of the West, a friend willing to accompany you to rise again. Slowly recovering, Coin Brother is with you.

BTC Market Analysis

The long positions of 69500-69800 for Bitcoin yesterday have been executed. At present, the stop loss can be raised to protect the profit and continue to look for a new high. On the daily chart, the price is currently forming initial support at 68600, and as time passes, the support level will gradually move up, and the price will continue to rise. As Coin Brother always says, the overall trend is a bull market, so blindly go long on the pullback. If you have not experienced the power of a bull market, Coin Brother will show you the peak charm of the bull market this time.

In the short term, the four-hour moving averages are in a bullish arrangement. After reaching a high, there was a four consecutive decline, followed by a rebound in a volatile market after touching the boll middle rail, showing some signs of a stop in the decline. It is crucial to pay attention to whether the position of 71500 can continue to hold on the four-hour chart. Bitcoin is likely to continue to oscillate and absorb funds in the range of 70000-70900 in the future. Overall, the MACD is still consolidating, and the fast and slow lines are showing signs of a death cross at a high level, so there is currently no bullish sign on the four-hour chart. Moreover, after breaking through 69800, there may still be some room for further decline, so it is recommended to wait and see on the four-hour chart. On the one-hour chart, the price is already in a downtrend, and it depends on whether it can continue to break through the short-term pressure of 71300 in the future. As long as the one-hour chart can maintain above the 70,000 integer mark, the price will definitely continue to rise. In summary, it is recommended to continue to hold long positions to protect profits, and the trend layout has already begun. Friends who missed the last opportunity should not miss it again this time.

Strength is not just talk, nor is it boasting about profits. Strength is a meticulous plan executed rigorously. Go out with a goal, come back with results. There are no unprofitable market conditions, only profitable trades that are not held. When others are making a profit, and you are at a loss, you might as well chat with the Coin Brother of the West. The bond starts with reading, recognition starts with adding, trust starts with experience, and profit starts with following. As long as you are willing, I will not let you down!

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