1. Current Recommended Direction
- If BTC can regain $70,000, it is recommended to long with a target of $0.008. This is a typical swing trading opportunity, suggesting significant upside potential.
If BTC fails to return to $70,000 tonight, the intraday trend is bearish, with a target of $0.00586 (corresponding to the monthly opening price), indicating significant short-term downward pressure.
2. Position and Risk Management Recommendations
- It is recommended to make a tentative entry at the key level of $70,000. If the price holds above this level, gradually increase the position in a swing trading strategy.
If the price fails to break through 70,000, it is advisable to operate with a light position or no position at all. ...