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Tuesday, the US stock market is about to open. Is it still possible to go long?
Today’s long positions have been very profitable, but I don’t know if everyone has caught up. The overall intraday trend has been mainly oscillating upward, with the bulls looking back at each step. After spiking to the 71200 area in the afternoon, it faced resistance and pulled back for correction. The short-term trend remains unchanged, and tonight we continue to look for bullish opportunities.
The daily chart has not yet reached the resistance at 74000, so there is still plenty of room above. We just need to continue entering positions above 70000. Don’t be afraid of heights; we are only halfway up the mountain. Keep your positions well-controlled. The current market can be traded freely, and tonight we aim to push towards the intraday target of 5000 points.
Buy in the 70000-70500 region for Bitcoin, with a target of 72000. If broken, reduce positions and aim for 74000.