Bitcoin started to pull back after the PCE data was released last week, dropping to around 67,500 over the weekend, nearly a 10% retracement from the peak. Currently, it seems that many funds are fleeing due to significant events in the past few days, with even investment guru Warren Buffett gradually selling assets and reducing his holdings in U.S. stocks, resulting in a historical high in cash reserves, which has triggered panic and led to a very poor market situation. During this period, the only strategy is to wait for a downward spike to position some spot trades, and the rest is to patiently await the bloom.

Key Focus

Resistance Levels 69,500 70,500

Support Levels 68,200 67,000