Bitcoin is now a typical ranging market,

with sellers above 73,000 and buyers below 69,000.
Before breaking out of the range, it's a rhythm of selling high and buying low.
Based on the structure of these past two days, the rough range can be viewed as follows:
Upper resistance: 72,500 — 73,500
Lower support: 68,500 — 69,500
Middle axis around: 71,000
Currently basically oscillating around this middle axis.
Short strategy
If price approaches again:
Around 72,500
Consider: light short position
Target: 71,000—70,000
Stop loss: around 73,000
Long strategy
If it pulls back to: around 69,500, consider going long: accumulate in batches
Target: 71,000—72,000
Stop loss: 69,000
Most important principle for ranging markets
Just remember one sentence:
Don't chase rallies, don't panic sell.
Because the essence of a ranging market is:
It specifically liquidates people who chase entries. #Gate广场AI测评官 #加密市场上涨