With the escalating threats and conflicts among the United States, Israel, and Iran, cryptocurrency has fallen again, with major cryptocurrencies experiencing a collective plunge, and Bitcoin dropping to around $68,100.

Last week, it moved down from the vicinity of the $74,000 level, dropping nearly 6,000 points. The domestic market was directly lively, so how should we view this week? Let’s observe the market together with my steps. On the four-hour level, the price has dipped to the lower track; although there was a breach, it has not stabilized below. Additionally, the MACD energy bars are shrinking. It shows that the bulls have rebound momentum.

Moreover, the low points of each pullback are continuously moving up, and there is now a double bottom signal at the bottom. Even if there is pullback space in the current market, I personally believe the bottom space is not too much, while the upside has unlimited possibilities. Therefore, I am bullish for the day.

I suggest looking for bullish positions in the range of 67,600 to 67,300 during pullbacks, targeting the $69,500 level. The points are for reference only.

Follow the public account, how to relieve worries, only Jiang Wei, a treasure analysis blogger with high emotional value, sharing trading teaching for free, bringing stability and clear guidance in the turbulent trading market, traversing three rounds of bull-bear cycles and many years of trading practical experience, specializing in naked K, trends, Dow Theory, Gann, harmonics, Chan Theory, wave theory, and other technical analyses, gathering into unique personal insights.

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