Bitcoin Market Analysis: On the daily chart, the bullish trend of Bitcoin remains unchanged. It has been under pressure and fallen back after challenging the $72,000 mark for three consecutive trading days, indicating strong resistance above. Once it effectively stabilizes, the bull market will return, and the price will inevitably reach a new high. On the downside, attention needs to be paid to the $68,500 support. If it holds, the price will continue to maintain a high-level adjustment. On the 4-hour chart, the price extends upward along the BOLL midline, especially after a large bullish candle, indicating an overall bullish tendency. In the short term, after a wave of decline and rebound, the price has been oscillating upward during the Asian and European sessions, once again surpassing the $70,000 mark. The short-term long and short position conversion will also be a contest between capital and retail investors. In the short term, it is bullish above $70,000, but it is not advisable to chase long positions, especially without a breakthrough. Trading can still maintain a strategy of low long and high short. If you are uncertain about technical market analysis and news interpretation, or if you hold losing positions, you can discuss with Teacher Jin.

Short-term resistance levels: $72,000/$72,500 Short-term support levels: $69,500/$69,000

Real-time trading strategies for Bitcoin:

Short at around $71,600 on the rebound, control the stop loss by yourself, and target around $70,500-$70,700;

Short Ethereum at around $3,595 on the rebound, control the stop loss by yourself, and target the range of $3,530-$3,550.

Each article reflects the author's personal experiences. After encountering various friends in the cryptocurrency market over the years, their stories bring you different experiences. Adhering to the trading philosophy of "simplicity, follow the trend, avoid greed and attachment, and execute steadily" is the path to wealth. Focusing on Bitcoin, Ethereum, and other spot contracts for many years, using the lessons from the "blood" of many retail investors in the market to guide your progress. Follow Yuhui and you won't get lost; Yuhui will help you create wealth!

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