Bitcoin's morning price has once again broken through the 71,000 mark, but there hasn't been much bullish support for the rise, causing the price to drop again. Looking at the one-hour level, after recently standing above 71,000 three times, it has pulled back each time. The KDJ indicator shows that all three lines have entered the overbought zone. Currently, there isn't much impact from the war, but I believe that without more chips entering, it will still be difficult to stabilize above the 70,000 mark in the short term.

Short directly at 70,800-70,600 (2%), add positions at 71,500, with a stop at 71,900, looking at 68800$BTC

BTCUSDT

Perp

67,435.9

+0.95%