$BTC This pull-up has already set the pace!!!
#比特币时隔三月重返6.9万美元
The big cake/bid-side has been ranging for a long time around 64,000–65,000, continuously suppressing the bulls. In the past two days, this consolidation range has been decisively broken with volume. Today, starting again from around 69,300, it pushed higher; during the session, the high has already touched above 72,400.
The most crucial part this time is that after the breakout, it didn’t immediately fall back into the original range. That suggests that there is still strong capital follow-through. The chips that were pressed for more than a month are also starting to be digested again.
However, after two consecutive big bullish candles, the number of short-term profit-takers has clearly increased. A pullback around 72,400–72,500 is completely normal. Chasing longs from this level isn’t as comfortable as before.
Next, the key focus is the 70,000–69,300 area. As long as it retraces but can still hold, then this breakout structure won’t be broken. After the digestion is complete, there should be another opportunity to push higher.
If it falls back below 69,300 again, then you need to be on guard for a deeper high-level shakeout.
Overall trend remains bullish. When it broke out earlier, it followed the trend upward. But after reaching high levels, you should restrain yourself instead—waiting for a retracement to confirm is much more comfortable than running after a big bullish candle.#BTC突破$72000
#比特币时隔三月重返6.9万美元
The big cake/bid-side has been ranging for a long time around 64,000–65,000, continuously suppressing the bulls. In the past two days, this consolidation range has been decisively broken with volume. Today, starting again from around 69,300, it pushed higher; during the session, the high has already touched above 72,400.
The most crucial part this time is that after the breakout, it didn’t immediately fall back into the original range. That suggests that there is still strong capital follow-through. The chips that were pressed for more than a month are also starting to be digested again.
However, after two consecutive big bullish candles, the number of short-term profit-takers has clearly increased. A pullback around 72,400–72,500 is completely normal. Chasing longs from this level isn’t as comfortable as before.
Next, the key focus is the 70,000–69,300 area. As long as it retraces but can still hold, then this breakout structure won’t be broken. After the digestion is complete, there should be another opportunity to push higher.
If it falls back below 69,300 again, then you need to be on guard for a deeper high-level shakeout.
Overall trend remains bullish. When it broke out earlier, it followed the trend upward. But after reaching high levels, you should restrain yourself instead—waiting for a retracement to confirm is much more comfortable than running after a big bullish candle.#BTC突破$72000
