Overnight short position at the highest point of 69,500, this morning at 8 am the market opened and also dropped to 68,300. This is a reminder to all the onlookers to consider exiting and clearing their positions. Subsequently, the internal direct channel almost reversed and added long positions, and there was a reminder that the price might rebound to around 71,300.

In the European session, Bitcoin also directly reached around 71,000, which is about 300 points away from our target of 71,300. Since the rebound from 60,000, Bitcoin has now rebounded above 70,000 for the fifth time. The more it is challenged, the more resilient it becomes, with each rebound starting higher than the last.

Today’s one short and one long position on Bitcoin has already been closed. A pullback is definitely expected today, but it remains weak. The opportunity is to continue adding long positions. Around 70,000 can be a good entry point for longs, with a lower position left for additional entries. For the upside, we can aim to reach for the peaches at 71,800/72,500 as the highs for the European and American sessions.