Crypto Circle Li Ying: 3.24BTC volume breakthrough! New high of 70789, next stop 76000? Latest market analysis and operation advice
Dear family, the current price of BTC is 70300, the daily decline narrowed to -0.97%, after plunging to 70508 it strongly rebounded, peaking at 71817, directly breaking through the Bollinger middle track resistance at 70743, trading volume increased fivefold from the previous day, this is a signal of trend reversal! The Bollinger middle track at 70743 has changed from a resistance level to a support level, the previous oscillation platform between 70000 and 71000 has been strongly broken, and the upper space has opened up directly to the previous high of 72000 and even to the historical high of 76000!

In the rebound after the decline, the trading volume continued to expand from 2.87 million to an estimated 3.15 million, confirming real fund entry with the increased rebound. MACD formed a golden cross, the green bars significantly shortened and turned red, bears completely surrendered, the price broke through the middle track at 70743, the Bollinger Bands opened up from contraction to expansion, indicating that the accelerated upward trend has started! MA5 crossed above MA10 indicating a short-term golden cross in volume moving averages, a healthy rising structure with increasing volume and price! The short-term moving averages are turning upward with the MA5 trending up, and MA10 is leveling off before rising. The main force currently has sufficient reasons to continue, so Li Ying is mainly bullish in the short term with a combination of strategies.
Short-term practical strategy (Li Ying personally teaches, accurately aligning with the market)
Long strategy: 70300 to 70000, target 71800 aiming for 73000, stop loss at 69500
Short strategy: 71800 to 72000, target 70500 aiming for 70000, stop loss at 72500
The fluctuations in the crypto world are like a roller coaster, don’t be scared by short-term heartbeats! The current BTC is confirming support after a retracement, just like a spring that needs to be compressed to bounce higher. Remember: dare to buy at support levels, dare to sell at resistance levels, and strictly execute stop-losses, and you will be able to profit from the volatility!
Li Ying's message: The crypto world is not short of opportunities, what’s lacking is “the eye to see through the essence” and “the hand to execute strictly.” Keep a stable mindset, and you can laugh to the end!

Risk warning: The above analysis by Li Ying is based on real-time market data and is for reference only, not constituting investment advice, trading risks are borne by the individual.
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