Bitcoin approached its previous high again yesterday, but the closer it gets, the more pressure it becomes, so it is not recommended to continue to be bullish here for the time being. If it continues to be under pressure today, it is not ruled out that it will fall back and wash the market again, so I will consider shorting at a high level.
As shown in the figure, the current pressure on Bitcoin is around 67500, and the strong pressure area is around 69100, so these two positions can be shorted respectively. The issued support is 64700~62600, which is also the profit stop point for shorting.
Your analysis offers a strategic perspective on Bitcoin's current market dynamics, highlighting the increased pressure as it approaches its previous high and the potential for a pullback.