Personal analysis of Bitcoin's movement over the week – Buying opportunity?"
In the past few days, we have observed significant fluctuations in the price of Bitcoin (BTC) between levels of $66,000 and $70,000. In my opinion, this volatility is very natural after the recent strong rise. Technical indicators like RSI and MACD indicate an overbought condition on the daily frame, but support around 66K has held firm so far.
In my view, this pullback is a good entry opportunity for long-term investors, especially if the price retraces to test the 64K–65K areas. However, in the short term, entering now carries risks unless the 70K resistance is clearly broken with a closing.
I still see the market in an upward trend, but it is very important to use strict risk management. Do not invest all your capital, especially at this time when there is anticipation of strong economic news such as interest rate data.
