Between 7 AM and 8 AM today, $BTC
The bullish main force formed a continuous upward surge, ultimately breaking through the 70,000 mark, with a relative high point at 71,607. It was suppressed by resistance at 71,300, closing down, and is currently stabilizing around 70,887!
My viewpoint hasn’t changed; I still don’t see bullish this week! My conclusion is definitely bearish! The upward breakthrough of 70,000 is a process, and the extension of the bullish top-touching sentiment has made Bitcoin perform relatively strongly! At the same time, it has driven the head mountain imitation ETH and SOL to also break new highs!
My previous deduction process has been achieved, and the next step is to continue pulling up to 75,000? 80,000?
I feel it’s not yet time to go up directly; my personal viewpoint remains. A surge like this without a pullback of 1,000 price points makes me even more worried! This further drives my flash crash sentiment!
I don’t know what everyone thinks? Perhaps many retail investors are already starting to FOMO, wondering why they didn’t buy during the 68,000-69,000 range? Right?
I think that’s unnecessary. I firmly believe that there will be a deep pullback, and I maintain this viewpoint. I will patiently wait for the big show on the 31st!
Currently
Upper resistance 71,300
Lower support 70,000
The bottom is indeed rising, but the forces at play are mutual; the faster I pull up, the quicker it may drop! As the saying goes: A week of hard effort to rise, it only takes 10 seconds to fall!
Please, good brothers, don't FOMO. If you have cash, hold on tight! If you’re empty-handed with no orders, don’t rush; wait for an opportunity! Good brothers holding long contracts can hold on a bit longer. You can set profit stop-loss at 70,300-70,500. For those holding short positions, it’s not recommended to hold; stop-loss if needed, unless you are very strong and BTC rises to 1 million USD before you get liquidated, don't take my words lightly! Because even though I generally see bearish this week, we can’t accurately predict when the downturn will specifically come!
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