Mainstream Coin Morning Analysis
From the current situation, Bitcoin's performance this morning tested the 69,500 resistance level and quickly retracted nearly 3,000 points. The 70,000 mark currently shows very strong resistance, making a breakout quite challenging!
This pullback aims to clean out the bulls above 69,000. As long as it doesn't drop below the 66,000 mark, it will still trend upwards!
Many people believe that a pullback signals a reversal, which is a typical retail trader mentality. Before a bull market arrives, there will inevitably be market panic created to mislead our direction. An extreme one-sided market is unlikely to appear in the short term. I believe this pullback provides us with the best entry opportunity!
In terms of operations, we will continue to maintain low buy positions during the pullback!
Bitcoin 66,800-67,300 range buy, looking up towards 68,000-69,000 nearby $BTC
Ethereum 2,660-2,630 range buy, looking up towards 2,740-2,700 nearby $ETH
