$BTC waited all night without dropping, still staying above 69k. In the early morning, it dipped below 68.2k but quickly recovered, and there is still massive airdrop liquidity clearing at 70k. The current position is very prone to triggering a false breakout, leading everyone to believe the market is very strong and won't fall. After everyone goes long, the market moves up for a while, then suddenly turns downward. This kind of trap is very classic. So everyone should keep observing; even if a breakout is confirmed, it's not too late to go long. The selling pressure at 70k is still there. The market is accumulating both longs and shorts at this level, and it all depends on who gets shaken out first. Those who entered long positions with me earlier can take half profits and hold the rest. The first target for this phase is around 71k.
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