Update on the situation #BTC $BTC on the 29th day of the Lunar New Year.

Currently, the BTC has closed at 1 rising candle but shows signs of retracting when hitting the price level of 70k. Personally, I believe this price level is not too strong, so I do not expect this level to push the price down too much.

The short-term selling target for today will be around the price level of 70k5.

Entry point 1 will require breaking the closing candle of 69k558, then dropping below 68055 (if no new low is created). Entry 2 if the price continues to rise to 70k5. This is a setup on the m15 timeframe, and it will not go too far.

Wishing you all a successful trading day.

🥳🥳🥳🥳

BTCUSDT

Perp

66,813.5

+0.46%