Bitcoin broke upward to new highs and then pulled back. The current price is holding around 76. As mentioned earlier, this level is a testing-and-pressure-conversion pivot and support point. Now that the coin price has pulled back to around this level, then whether the candle closes above or below will decide the direction of the next move.

If the price closes at the bottom, then the bears will return to the bottom again and continue toward the area near the 73300 level. Don’t think I’m just fearmongering. Once the market starts moving, the speed is very fast. So how many people still have short orders at the bottom? If they’re still there, don’t easily discard them—maybe next week it will return to around the cost price #btc