Only when the mind is as calm as water can the energy penetrate the rainbow. Investing is only for making money, everything else is just empty talk. Making money is the only way, hello everyone, I am AICoin Jinrui!

First of all, Jinrui will explain some of the factors affecting the volatility of Bitcoin:

• Concerns about rising inflation → BTC is easily linked to stock prices.
• Approval of ETH's ETF
• News related to the presidential election
• Improper leakage of DMM, etc.

Despite these fundamental influences, Bitcoin remains at a strong level of $67,000.

So technical analysis plays a very important role in this, first by using technical analysis to read the market trend. No matter how sharp the fluctuations are, we can deal with them calmly.

[BTC Daily Chart]

The daily chart is still forming the right shoulder of the head and shoulders pattern, so Jinrui will also pay attention to whether it can break through the neckline.

The deviation of the daily chart from the 25EMA has also been filled, which will be a buying opportunity at the medium-term level.

Jinrui believes that even if it falls below, it will not change the trend within the range, so please do not panic and continue to follow the trend.

"Since the deviation of the daily chart from the 25EMA has been filled, and the rising trend line from the low point is used as support, it is currently an 'excellent buying point' at the medium-term level. It is expected to rise to $72,000, or even $80,000 later."

[BTC 4-hour Chart]

As the $67,100-67,200 level is very strong, the main trend is still upward before it is broken in the red area.

Because there are multiple levels of resistance above, it is necessary to pay attention to the possibility of a rapid rebound. Although a descending triangle has formed, the $67,000 level is very strong, so an upward trend denying the descending triangle is expected.

• "Long at the 4-hour 25EMA support, entry price at $68,000."

In addition, the points that can be grasped for short-term trading in the evening are as follows. Please refer to the 1-hour chart for specific entry points.

[BTC 1-hour Chart]

Because the price of the candlestick is currently above the 25EMA, it is feasible to go long at the current position.

There is resistance from the EMA above, so partial profit-taking must be achieved.

~Entry points~

① Long entry on the pullback of the 1-hour 25, 75EMA, entry price: $67,800-67,900, target price: $68,000-68,200, stop loss: $67,610.

② Breakthrough near $68,200 to go long with the trend, support and resistance line at the 1-hour level, target price: $68,800-$69,400.

③ Long entry on the pullback to $67,100, stop loss: $66,600.

Jinrui expects to continue to maintain a range-bound trend for a period of time, but once this price range is broken, there will be a significant fluctuation.

If you want to get real-time information later, please like & share to let me know 🙌🏻. If this is helpful to you, I hope you will like it ❤️ and follow, looking forward to your support.

I have many years of in-depth research on spot contracts, BTC, ETH, and other various altcoins. If you are not doing well in trading or have been losing money for a long time, or your trades are stuck, you can follow my public account (AICoin Jinrui). Investment is risky, so be cautious when entering the market. The daily market is full of twists and turns, and all I can do is to use my years of practical experience to help everyone make the right investment decisions and manage their operations in the right direction.

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