$BTC The current price of Bitcoin continues to consolidate. Everyone is waiting for the unemployment data just now, which once again shows that the US data is not so weak, but ❗️Is this negative for Bitcoin? I don’t think so. You can refer to the third picture, a macro prediction I made on 9/20. At that time, everyone believed that the U.S. economy was in dire straits, and interest rates might be cut by 75-100 points by the end of the year. But I still maintain my view that there will most likely not be an interest rate cut! However, even if interest rates are not cut, it will also lead to a sharp rise in Bitcoin. In fact, this is not conflicting!
🏆Okay, those predictions are not important. Let’s take a look at the current price. From the one-hour chart, we can see that in the first stage, the market is used to replace the decline, and in the second stage, the MACD is even slowed down to rise below the 0 axis. This is All indicate that there is a high probability that prices will still have room to rise. Looking at the four-hour level, I have repeatedly grinded at 68000 many times today. Many people say that the kinetic energy is insufficient and some are not. I don’t think so. The friction at the high point is to make those who have chips can’t help but sell and hold. People who don’t have chips dare not enter the market for fear of being stuck. In the end, there will be a big positive line that makes most people regret it!
👍Opening position
1. Maintain a profit stop of 72,000 and hold a long order of 66,000 entering the market.
2. After a false breakthrough of 72000, step back to 72000 to open a short position
3.72000 breaks through strongly, the price is likely to be ATH, and we will wait for a retracement in the future.
