BTC's overall trend is still bearish. Since there are too many shorts, we can't rule out it testing the 72000 resistance level. Everyone needs to pay attention.

BTC has been oscillating back and forth recently, confusing many people. To be honest, it's been difficult to trade both long and short sides lately, going up one moment and down the next. Actually, looking at BTC from a short-term perspective, we're seeing an oscillation with a range of 60000-72000. From a long-term perspective, it should still decline. 60000 is not the final bottom, but it won't happen that quickly—there will be an accelerated downtrend later.

Looking at the chart, BTC went up again yesterday, reaching around 71300 at its highest, and today during the day it reached just above 69000. It seems unable to rise further or fall significantly. Here we need to watch several very important levels. The first level is 68900 support, which has been consolidating here without breaking below. The main reason it hasn't been broken is because there are too many shorts, so we need to be careful about rebounds at this level. Only if it breaks below here without recovery can we confirm a new downtrend has begun. Before that happens, we can't rule out the possibility of further rebounds. The second level is around 72000. BTC tested 71500 resistance but hasn't tested the 72000 pressure level yet—it's only 300 dollars away from going up. I think hunting stops at this level is quite good. Additionally, if people continue doing this and shorting heavily, there's a real possibility of touching the 72000 area nearby, wiping out stops here. So everyone needs to be careful and cautious.

Follow Mo Yan, specializing in contract spot ambush positions. The team still has spots available, get on board quickly.
#比特币支撑阻力位分析 $BTC