Will the market continue to rise or fall back when it encounters resistance? Countermeasures are in hand, and there is no need to worry about response:
Yesterday, Bitcoin reached a high of around 68,400, and then fell back to support around 67,000. Ethereum reached a high of 2,647 yesterday, and then fell back to support around 2,590. The fluctuations in the market are currently mainly concentrated around the opening of the US stock market in the evening, and there is basically no fluctuation during the day.
However, the current ratio of BTC's long and short positions is at a low level, indicating that Bitcoin has a short-term correction demand!
From the liquidation data, the long and short positions are evenly matched, and both upper and lower liquidations are possible. It may take until tomorrow to continue to pull up, so the prediction of volatility will continue today! The support below is around 66,000. As long as Bitcoin continues to stay above 64,500, the bullish pattern will be complete!
In fact, the closer to the $70,000 mark, the greater the pressure on BTC, and the greater the selling pressure at this time, so let's wait and see, after all, there is no sustained good news yet.
It can be seen that BTC is constantly raising the bottom price. We must be rational at all times. Analysis is one aspect, and operation is another.
Control your position and you can layout at low prices.
