Friday, is today still going down like before?

Bitcoin's price today in the morning session climbed upwards, directly reaching the 72000 mark. Yesterday's bullish outlook was perfectly achieved, and now the price is forming a double top above, making it unwise to chase long positions; a pullback can be anticipated.

On the hourly chart, the price broke through the upper boundary and then formed an upper shadow. It can be seen that the bullish momentum above is starting to weaken in the short term, and a pullback can be expected. The day may likely show a pattern of first falling and then rising.

Therefore, for the day, it is recommended to short first, with a reference range of 71500-72000 for short positions, targeting the 70100 mark initially. As long as the support at the four-hour middle band holds, remain bullish.

Follow the public account, for relief from worry, only Jiang Wei. A treasure analysis blogger with high emotional value, sharing trading education for free, bringing stability and clear guidance in the volatile trading market, having experienced three rounds of bull and bear markets, with years of practical trading experience, proficient in naked K, trends, Dow Theory, Gann, harmonic analysis, Chan theory, wave theory, and other technical analyses, culminating in unique personal insights.

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