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Yesterday's closing price formed a Bullish line with Upper Shadow, indicating some selling pressure intraday. The price is also near our second take profit level from yesterday's strategy, so a pullback is expected intraday.
Yesterday we mentioned that it is very likely to have another upward push and form a daily candlestick top. The current Bollinger Band has opened upwards, and the short-term resistance during the day is still around 69000, maintaining the view of a wide range of oscillation. The support level has not changed and is still the support of the daily candlestick Bollinger Band midline.
2. The RSI is in the overbought zone at a relatively high level. The price experienced a pullback the last time it reached this level. If the price tests near 69000 again today, there is a high probability of RSI divergence. Pay attention to the pullback signal.
3. Fibonacci broke through 0.786 yesterday. Today, let's see if it will retest this area and then continue to rise towards the area near 69000. Let's see if there is a chance to form a double top and then continue to fall.
4. Maintain the view of swing trading shocks, this area shocks the upper line does not break through to continue to see the shocks, and after the breakthrough, you can lay out the long order
5. The td sequence is currently at td7, only 2 candlesticks away from td9, so if there is a pullback at this level, it is highly likely to happen tonight.
Trading strategy:
BTC:
Short in the area near 69500-69000
66741, 65273 take profit
70329stop loss#BTC #GateioInto11