$BTC has been reminding everyone to enter the market for long orders in the past few days. When it touched 70,000 again in the morning, it also sent a special message asking everyone to hold on to their long positions. Now it feels very comfortable to see profits🥳
So where will the price trend go next?
We can see from the one-hour level that it has entered a consolidation range, and the daily level is just like I said, a big positive line goes straight to the upper Bollinger Track‼ ️Such a trend is still very strong. What we can expect is that this trend will probably have a positive line to break through 72000. As for whether it will break through the previous high, we still have to wait for the trend to come out before we can judge. But everything has surprises. Let’s talk about it. If the price starts a correction, from the one-hour level, we judge that it is consolidating within the red box, which is between 70300-71500. If the price falls below 70300, the upward momentum may not be enough. ‼ ️
👍Order position:
For those of us who enter the market with more than 65,000 or 67,000 orders, please continue to hold on and pay attention to whether the four-hour and daily levels continue to move along the Bollinger Upper Track. This is very important‼ ️As long as you continue, don’t sell your long orders easily‼ ️
If the price falls below 70,300 during the consolidation period and further falls below 70,000, take profits on all positions as soon as possible‼ ️There is a high probability that a callback to Fibonacci 0.616 will be initiated, and we will look at the position at that time.
