$BTC Cryptocurrency Academic: Bitcoin 71100 target has been reached, how will the afternoon market trend?
This morning called 69000 northbound, target 71000, now it has been accurately fulfilled! Many brothers have already taken profits, and now the main concern is: will the afternoon continue to rise, or will it peak and fall back? Let's analyze the market closely; 71000 is a key resistance level, the long-short battle is in the afternoon! The price has risen from a low of 68888 and is currently touching near 71100, just at the previous platform resistance MA60 moving average pressure level, which is a strong resistance area, and the bullish momentum has clearly weakened. The MACD red bars are starting to shrink, and there are signs of a downward turn in DIF and DEA, bullish sentiment is overheated, and profit-taking could be triggered at any time. Short-term funds have begun to take profits in batches, and trading volume is gradually shrinking, without sustained volume support, the difficulty of rising is extremely great.
Afternoon practical strategy:
Sell in batches at 71000 and 71500, stop loss at 71800, target looking at 70000 to 69800.
If you can't wait for the low long in the afternoon, then don't give it.
Lastly, a few words for the brothers who got in at 69000, you have already gained over 2000 points in profit, securing profits is the way to go!
Focus on the pressure zone from 71000 to 71500 in the afternoon; if it can't break through, it's the bears' world, don't be greedy for the last bite of meat!
