Update on BTC analysis: In the short term, this rebound has been quite strong. The original plan was to wait for a pullback to buy more, but it shot up directly, gaining five to six thousand dollars overnight, so I can't chase the rally for now.
From a technical perspective, the current price has already approached the resistance line, which is also near the upper edge of the recent consolidation range. As long as it doesn't break through this level, the probability of continued consolidation remains high.
On a smaller timeframe, it might hit a secondary high before dropping sharply. The chance of a direct breakout is relatively low, so I'm waiting for a secondary high to enter a short position. I plan to short around the 69,000 to 70,000 range, and if it breaks above 71,000, I will exit immediately. The first target could be around 65,000.
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Update on BTC analysis: In the short term, this rebound has been quite strong. The original plan was to wait for a pullback to buy more, but it shot up directly, gaining five to six thousand dollars overnight, so I can't chase the rally for now.
From a technical perspective, the current price has already approached the resistance line, which is also near the upper edge of the recent consolidation range. As long as it doesn't break through this level, the probability of continued consolidation remains high.
On a smaller timeframe, it might hit a secondary high before dropping sharply. The chance of a direct breakout is relatively low, so I'm waiting for a secondary high to enter a short position. I plan to short around the 69,000 to 70,000 range, and if it breaks above 71,000, I will exit immediately. The first target could be around 65,000.