Today is June 14, 2024 and btc has been consolidating in this position for a long time now and has now come to a key position:

BTC2024-06-14_13-33-13

The previous decline, driving other coins down, this wave basically ate it up, the recent earnings chart below, of course, at the time of posting this article, I have all liquidated my position:

Snipaste_2024-06-14_13-35-50

Snipaste_2024-06-14_13-36-05

Snipaste_2024-06-14_13-36-18

Snipaste_2024-06-14_13-36-26

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Continue to analyze the market, the current BTC position is very critical, has broken through the previous highs, but further rises appear pressure consolidation, the current retracement to the daily key position, almost in 66260 or so, you can look at the top of the chart, the hourly line is already a downtrend, but the 4-hour k line has repeatedly support, the 50 SMA has not yet penetrated the 150 SMA, and is now very close to the reference to the past! experience, I think this BTC high is definitely more than 72000, should still be short of the last wave of the big pull up, there is an old Chinese saying: a drum, and then decline, and three and exhaustion. It’s not at the top yet!
The market could be coming up just recently, all it takes is a very long positive line


So, in response to the current judgment, I plan to operate as follows:

  1. look for currencies with large current retracements
  2. Lay out a low position to go long
  3. pay attention to the BTC support level, once broken, immediately stop loss
  4. BTC appeared big positive line, break through the pressure, immediately long position