Is Bitcoin reasonable to pull back or change the trend?

01 Lao Le Technical Analysis

Big Pie: At present, the big pie is still in a bullish trend on the daily line, and it is difficult to change even if it pulls back. It is expected to pull back to around 61300 and continue to move upward; but the new upward channel here has been completed. The target is to look at 64800 first and then 68888 after stabilizing. The support level is around 61000, which can play a role in bull support; it is recommended to go long at a low level and seize the opportunity to enter the market.

02 Lao Le Market Interpretation

Recently, there have been continuous battles, and big pie and gold have had an inversely proportional relationship. Big pie rebounded this morning and then continued to pull back, indicating that although the market is enthusiastic, big pie still has to take a continuous expansion trumpet shape;

Now, the liquidity above and below big pie is very good, but the liquidity below is obviously more and more profitable, and a long-short double kill is obviously more in line with the needs of all parties;

Lao Le still reminds us not to be too optimistic. We are still bound to face the situation of the bubble being punctured. Looking back at the historical crisis, it is not far away from us.