BTC once again strongly touched 71,000. Yesterday’s analysis gave everyone two long ideas. Go long if it stands at 67,500, go long if it breaks through 68,600, and get a profit of 2,500 points!

Let’s review our two ideas for BTC. If the 4-hour level closes above 65,000, follow the trend and go long. If the volume breaks through the triangle pattern, follow the trend and chase the long. The highest intraday touch is near 67,500, and the profit will exceed 2,000 points!

Yesterday we also mentioned the resistance level of 67500. Long orders must persist and push for protection at this point. The current market is still rebounding, not reversing. The operation cannot be too patterned. The current price is running around 67000.

At present, we are focusing on the narrow range of 65000-67500. We will pay attention to the choice of direction in the future. If the market wants to strengthen, we must stand firm at 67500, and then increase the volume to break through the previous support and resistance interchange level, and consume the part of the chips that are locked in the high position. It is expected to start a new round of market, from rebound to reversal. On the contrary, if it continues to fall below 65,000, the current rebound will be over and the weak and volatile market will continue.

From a graphic point of view, the triangle convergence pattern has been broken. The shorts have exhausted their power and the bulls have tried to dominate the market. However, after touching 67500, they then fell back, indicating that the supply above, that is, the existence of a hold-up, wants to break through the 67500-68600 range. , it requires a large amount of energy. It is not recommended that you enter the market at the current position. You can wait for the bulls to increase their volume and recover this area before considering entering the market.

In terms of price, the upper side will pay attention to the short-term resistance of 67500 68600, which will fluctuate at a high level. Long orders will be advised to reduce positions and push for protection. The short-term support below continues to focus on 65000 63500. If it falls back to 65000-65500, focus on a stable rebound.

In terms of operation, if the 4-hour level stands firm at 67500, you can enter the market to stabilize long orders. If the volume breaks through 68600, you can follow the trend and chase the long position. Pay attention to the stabilization of 65000-65500 below. #BTC $BTC