After the non-farm payrolls on Friday, Bitcoin broke below 69,000 and accelerated its pullback. Currently, the 6-hour MACD has returned to the zero axis, and the 8- and 12-hour MACD are close to returning to the zero axis for a retest. The recent two weeks have been characterized by sharp rises followed by slow declines. The slow decline indicates patience. Don't panic when opening positions, and there's no need to rush to close positions that are far from liquidation. This week, the starting point for the rise is 65,011, with a symmetrical retracement. The next support is around 65,085. Since it broke below the daily EMA7 directly on Friday night, it can't quickly rally to a new high. Next week's major resistance remains at 73,850-74,400. Only after stabilizing above 73,850 can it possibly reach the 3-day EMA30 at around 78,800. This may take about a week of grinding. In the short term, it needs to retest the 68,100-68,800 and 69,600-70,000 levels. After rising, you can short each short-term rally. Below 67,850, no more shorts; avoid chasing tail wicks. If the price is too close, just do low buys.

BTC-0,61%
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