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$BTC Currently around 71,382 USDT. Do you think we should keep grinding higher here, or is it about time to take a break? $BTC
$BTC If I were to state the conclusion first, I would lean more towards: it looks like a high-level divergence, not suitable for continuing to chase long positions.
Here's my main perspective:
First, the continuation after a surge is generally weak, chasing longs easily leads to awkward positions.
Second, this rally seems more like an emotional boost, and the follow-through hasn't caught up yet.
To add one more point, a waterfall pattern should quickly make new lows; if it doesn't fall fast, it's not a strong waterfall.
Suggested entry price: 71,953 USDT
Keep an eye on this take-profit level: 67,670 USDT
Defense level reference: 73,666 USDT
The biggest risk at this level is a volume-driven breakout above the resistance; if it were me, I would wait and see, wait for clear signals before acting, and avoid rushing into the market.