🔥 BTC Afternoon Review
From the trend of the past two days, BTC broke through the 70,000 mark directly last night, reaching a high of $73,913, with a 24h volatility close to 5%, which is indeed strong! Although there has been a slight pullback today, I believe this is a normal technical correction; we need to consolidate before moving further!
From the moving average system, the MA7 on the 4-hour level is still firmly above the MA30. Although the MACD has contracted somewhat, it is still in a bullish formation, and the RSI remains in a healthy range around 58, showing a strong bullish trend! The short-term 15 minutes are slightly oversold, and a rebound could come at any time!
🎯 Trading Strategy
→ Direction: Long after a pullback
→ Entry point is seen in the range of 70,000-70,500; a stop loss without conditions if it breaks below 68,500. If the position is stable enough, consider taking profits in batches around 73,000. It is expected to hold for about 1-2 weeks, controlling the single position at 10-20%, and using 20x leverage with a good stop loss. This wave should see at least 75,000. Expand the pattern, expand the pattern, brothers!
📊 Support: 70,000 / 68,500
📊 Resistance: 72,000 / 73,000
If wrong, accept the loss, stabilize 🚀💪🛡️
From the trend of the past two days, BTC broke through the 70,000 mark directly last night, reaching a high of $73,913, with a 24h volatility close to 5%, which is indeed strong! Although there has been a slight pullback today, I believe this is a normal technical correction; we need to consolidate before moving further!
From the moving average system, the MA7 on the 4-hour level is still firmly above the MA30. Although the MACD has contracted somewhat, it is still in a bullish formation, and the RSI remains in a healthy range around 58, showing a strong bullish trend! The short-term 15 minutes are slightly oversold, and a rebound could come at any time!
🎯 Trading Strategy
→ Direction: Long after a pullback
→ Entry point is seen in the range of 70,000-70,500; a stop loss without conditions if it breaks below 68,500. If the position is stable enough, consider taking profits in batches around 73,000. It is expected to hold for about 1-2 weeks, controlling the single position at 10-20%, and using 20x leverage with a good stop loss. This wave should see at least 75,000. Expand the pattern, expand the pattern, brothers!
📊 Support: 70,000 / 68,500
📊 Resistance: 72,000 / 73,000
If wrong, accept the loss, stabilize 🚀💪🛡️