There is uncertainty about the trend of BTCAfter the price broke through the resistance level of 69260 over the weekend, it failed to reach new highs after many upward breakthroughs. If the current price wants to continue to break through upward, more buying power is needed. Today the price fell back to around 68130 and then rebounded quickly upwards. The price correction also faces greater resistance, so there is currently great uncertainty in the market. Conservatives can wait for the price to choose the direction of the breakout before opening a position.
At the top, focus on the resistance level of 69580. If the price breaks through 69580, there is a high probability that the upward trend will continue. Below, focus on the 67950 support level. If the price falls below 67950, it will enter a downward trend in the short term.
Trading advice:
1. Buy when the price breaks through 69580, target 70400-70700
2. Sell if the price falls below 67950, with a target of 66700-67000
The above suggestions are for reference only. I will update the market analysis at any time in my guidance group