Bitcoin once again ushered in bullish volume, and the price fluctuated around 70,600. The area around 66000 was used as a platform for consolidation and low-point support, pushing the three waves up;

It is currently rising in the third wave, and after breaking high, it forms a continuation of the wave pattern. However, the fluctuation base is large, which also increases the scope of the wash. The move is to step back one step at a time, slowly rising while sorting and correcting;

The rapid weakening of the U.S. dollar has also boosted the price upward. Combined with the trend of the 15-minute chart, the high is followed by the retracement, and the wave base increases, which further tests the entry point, otherwise it is easy to sweep losses back and forth;

In terms of operation, the position control should be lighter and the stop loss position should be slightly enlarged to deal with this kind of structural market with a large base of fluctuations;

The operation is recommended to go back to 69900-69600 and the target is around 71000-72000. Low-level long orders can be continued to be held. #BTC #ETH