Zhuge Mei: If BTC can trade for two more days, the 120-day moving average will slowly approach the 66,000 price level, which also implies the importance of the 66,000 price level. The last time it reached 56,500, it rebounded (that is, the 120-day moving average). If 66,000 is broken, it will test 60,000 again. It is normal for Bitcoin to reach 60,000, which has no impact on Bitcoin. I am afraid that it will collapse again if it reaches 60,000. The price has repeatedly tested around 66,000 in the past two days. It did not rebound after it fell to around 66,000 last night. The daily chart also closed with a medium-sized Yin line, which is a bit worrying, but it should be fine for the time being. Pay attention to the weekend. If it keeps trading around 66,000, the risk of breaking through will increase.
Whether it will break through 66,000 or not, just in case, don't open the contract. If you have opened it, either reduce the position, and you can bear the risk of more than 60% of the decline. In addition, if there is a rebound in the next few days, rebound to around 71,000, you can also consider reducing the position. In the case of a super big market, the market is expected to be thoroughly cleaned and the cycle will be longer.
Spot is fine, just continue to lie flat, and endure the baptism of the market before the super big market comes.
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