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🚨Attention, Bitcoin is showing signs of a trend reversal. Take profits on long positions!
The 4.7 structure chart indicates that the bearish momentum is weakening.
All short positions opened at the high of 69-70 last night should be fully closed for profits.
Currently, the price is diverging from the MACD.
On small timeframes, the naked candlestick has formed a morning star pattern—watch for a reversal.
I recommend a small long position at the current price of 68, with a stop at 68.3, and add to the position if it stabilizes above 68.3.
We won't wait for 66-67; the market is constantly changing with the market movements.
We only take the profit from the fish body; the rest, we don't eat—it's easy to get bitten.
Pre-market analysis is just a prediction; during trading, it’s never ordinary.
I am Lu Bufan, founder of Biteo & 312 Investment Research Society. Remember to follow $BTC