Market Outlook
71700 encountered resistance and declined, oscillating within a range
Yesterday, I mentioned that resistance above
$BTC was around 71000. Once it stabilizes above 71, there is a possibility of a breakout upward
Although there was a short-term breakout above 71 yesterday, the EQH test at 71700 failed. The 4H candle closed below 71300, immediately followed by a 4H bearish engulfing pattern. Subsequently, today’s intraday movement continued downward to the 69000 range
I believe taking profits early and not chasing the long was the correct decision
On a macro level, the war continu