Bitcoin fluctuated at high levels yesterday, but the low did not fall below 69,000.
This shows that the previous rebound is not over yet. After yesterday’s retracement,
Today, we still maintain our bullish outlook!
First, the penetration and continuity of the exploration are insufficient.
Second, after stepping back, it recovers again, and the weakness does not continue. It is still a process of stepping back to confirm support.
Judging from the current trend, the four-hour market is fluctuating at a high level.
The range is 69000-71500, and the short-term rebound is not strong.
Pay attention to whether you can stand firmly above MA7, otherwise you will step back to test the support below.
It is expected that the counterattack will not be strong, and the daily line closed above 7w.
Moreover, the second retracement forms a lower shadow, and the trend is biased towards the long side.
The probability of continuing the upward trend is high, and it is expected to hit new highs in the next two days.
Wednesday midday operating recommendations remain unchanged:
Bitcoin: Go long in the 69700-70200 area, with a target of 71500-72500.
Ether: Just synchronize your ideas, pick up the points, and take good defense!
Knowledge is your wealth, choice is more important than hard work, understand everything! #BTC #etf #SHIB
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