$BTC Current price 69,671 USDT, do you think this is a continuation of the bullish sentiment, or is it already preparing to pull back?

$BTC My own view leans towards: leaning towards a wash after a spike.

Reason:

- This wave of rise seems more like an emotional surge, and the follow-up participation has temporarily not kept up.

- The continuation after the spike is generally weak, chasing the upward movement is easy to end up in an awkward position.

- A waterfall order should quickly create new lows; if it doesn't drop quickly, it's not a strong waterfall.

Suggested entry price: 70,228 USDT

Estimated target price: 66,048 USDT

Stop-loss reference: 71,901 USDT

But at this position, the biggest fear is an immediate rebound after a sharp drop.

BTCUSDT

Perp

67,552.9

+1.26%