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#BTC Has already returned to 69.8k, just one step away from 71.5k.
Good morning, everyone. Those who have been following the rhythm know that this order is the final take-profit point of our long-awaited latest bullish move (Bullish III, which is the third order in the recent winning streak). The process wasn't easy at all, and it was quite tumultuous along the way. For the previous long position with the same target price, we took profits early, and I’ve explained the reason before — the market sentiment suddenly shifted from overwhelmingly bearish to bullish. I even emphasized this twice at the time. Plus, the weekly opening immediately pushed the price below the target level, and the price was moving close to the CME gap, so there was risk involved.
As expected, a wave of correction followed, and the market suddenly quieted down. That feeling is exactly right. Bingo! Only when the sentiment is cleaned up can the market have room to move higher. The market, at its core, is a resonance of sentiment + time + price, and public opinion on X is basically an amplifier of this relationship.
Now we’ve finally reached the door of 70.5k. We started positioning about a week ago. At that time, many in the market were bearish, but the price made a higher low around 66.45k, which was a signal. Then we smoothly entered the golden zone, moving into the purple area, successfully breaking out of the silver pocket on the higher cycle, and the order flow was very strong. Coupled with the MMD alignment with ETH, it was a confluence of multiple positive factors pushing us upward.
Honestly, this move has been quite beautiful. Now, 71.5k is within reach. At this point, I will take about 10% of the profit off the table first. As for higher targets, I’ll explain them later.
But remember one thing: don’t be greedy.
71.5k, this is the key level we’ve been waiting for a long time. $BTC $ETH #Gate广场四月发帖挑战