11.3 Morning View
The rebound of Bitcoin this weekend is relatively weak, unable to touch 70,000 in a steady upward trend. Currently, short-term long positions are still quite weak. The rebound strength is very weak; yesterday's strategy remains that the big coin must at least stand above the 70,000 mark to break away from the 69,500-70,000 range for the rebound to continue. The big coin has a weak upward trend this weekend, overall oscillating in the 69,900-69,000 range; overall, it is quite unremarkable.
Let's wait for the continuation of the rebound; the big coin still needs to go above 70,000 once to break the current deadlock of bulls. At that time, we can follow the high trend. Long positions are currently considering short longs if they break below around 68,400.
Let's focus on the breakout situation near 70,000. If it cannot break through, we will proceed with a high short strategy.
Morning reference: look for 69,000-68,800-67,900 below near 700.
Defense at 70,500.
