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Where is the direction for Bitcoin after making a new high? After the consolidation stabilizes, how should we choose the direction?
Pull back around 73,700-74,200, then look at 75,000-75,500 above
Last night, Bitcoin’s highest point touched 76,016, setting a new high in nearly one month! Geo-related factors are still the core driver behind this uptrend. But last night the price surged upward, yet the trading volume didn’t keep up, forming a “low-volume breakout” structure—this is a typical signal of a bull trap. Soon after, you can see the price quickly pull back, returning to the 73,700-74,700 range to trade in consolidation again.
Right now, Bitcoin is in a typical situation of a surge then a pullback while waiting for confirmation. What are we waiting for? Tomorrow’s second round of MY negotiations! If it’s successful, it could push up again to 76,000, or even 78,000; if it falls apart, this leg could directly retrace back to around 70,000.
#今日你看涨还是看跌？ #加密市场回升