Bitcoin has been fluctuating in the range of 66,000 to 70,000 for a week, and has experienced multiple reversals during this period. Every time it seems to be about to break through, those who chase it often encounter the ceiling or floor. I believe that many people have suffered losses at these turning points. Now, calmly judge the market momentum, it is not extremely strong or weak, and it is still in a state of oscillation. For those who are trapped, you can be more patient, and the release will be in the near future.
In the past two days, the market has continued to oscillate in the box, and the overall market has not been able to get out of the 66,000 to 69,000 area. Although there was a tentative breakthrough overnight, it quickly fell back and still meandered within the range. The 4-hour level signal is weak, there are signs of adjustment, and the downward momentum may be repeated. Therefore, try to operate at both ends as much as possible, and it is difficult to grasp the entry in the middle position. Wait for more signals and wait patiently for a better entry opportunity.
At present, the overnight rebound high is in the 68,000 to 68,500 area, but it failed to continue and quickly fell back to around 66,000. At this stage, the pattern is in adjustment, but the overall rhythm is still in the box. Neither the longs nor the shorts have shown strong persistence. As long as the support level is not broken, you can continue to hold long orders and enter the market.
Friday morning operation ideas: Go long in the 66,000 to 66,500 area, with a target of 68,000 to 69,000.
Ethereum synchronizes the ideas, locks in the points, and does a good job of defense.