$BTC The daily price of Bitcoin has once again stabilized at 70,000, aiming for 78,000!

Yesterday, due to the sharp decline in U.S. stocks leading to a rapid drop in the price of Bitcoin, it nearly fell below the bullish engulfing support at 67,000. After the U.S. stock market closed at 4 AM, Bitcoin rebounded strongly to stabilize at 70,000. Fan's insight is that yesterday's drop was merely a trap to induce short positions and trigger long stop losses; we continue to look bullish for the day!

Looking back at the two previous upward phases as shown in the chart, they were 74,000 and 76,000 respectively, with the preceding support levels at 64,000 and 76,000. The common point of the upward trend is that both formed bullish engulfing patterns on the daily chart, with a price increase of about 10,000 points in space. Therefore, this time, the formation at 67,000 seeing 77,500 should be relatively easy.

The previous two upward cycles lasted 7-8 days. Based on this, it is estimated that this round of increase to 77,500 can be completed by the end of the month. At that time, we will short together. What we need to do now is to go long together with me!

The daily bottom is at 67,000. Yesterday, we established positions at 70,000, and there is still about 7,000 points of profit space above. Hold patiently until the end of the month, trust the market, trust Fan.

Today's operational advice is to look bullish as the price retraces to 70,000-71,000, buying more as it drops around the 67,000 support level...