Currently looking at BTC, the price is around 74,330.


Do you think it will continue to grind higher here, or is it about time for a pullback?

If I were to state my conclusion first, I would lean more towards: it’s more like a high-level divergence, not suitable for chasing longs.
This is mainly how I see it:
First, the continuation after a rally is generally weak, chasing longs easily ends up in an awkward position.
Second, this wave of increase seems more like an emotional surge, and the follow-through hasn't caught up yet.
To add one more point, a waterfall decline should quickly make new lows; if it doesn’t fall fast, it’s not a strong waterfall.

Suggested entry price: 74,925
Keep an eye on this take-profit level: 70,465
The point where you should exit if wrong: 76,709
But the biggest risk at this level is a sharp drop followed by an immediate rebound.
$BTC
#美军封锁霍尔木兹海峡
BTC1,08%
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