BTC Market Analysis | Pressure and Opportunities Coexist

The current market is still maintaining an upward trend, and the overall direction has not changed.
Geopolitical easing, expectations of interest rate hikes are continuously digested, and the market has returned to rationality.

However, referring to the previous rounds of rising rhythm, each pull-up will not be completed in one go, and it will inevitably be accompanied by repeated fluctuations and washouts on the way.

In the short term, first pay attention to the 65600 pressure level. If it is initially under pressure, you can try a short position, with a focus on the support in the 64500-64000 area.

If 65600 breaks through with volume and stabilizes, the market is expected to further attack 66400, then challenge the previous high of 67200.

And the 67200-67800 area also belongs to a strong pressure zone. If there is a lack of strength after reaching a high and a volume stagnation occurs, short-position opportunities can still be considered.

Go with the trend, apply pressure as pressure, and support as support. Do not predict the market, just follow it.

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