Bitcoin touched a new all-time high at $70k, but this rejection isn't looking good. Traders, be cautious with your positions. I have closed all my futures positions—in some I booked profits, and in some positions, the stop-loss got hit. It's better to wait for the market to cool off.
#Bitcoin
#Bitcoin
BTC Update:
In this hourly timeframe, BTC closed above the supporting trendline. Shadows from both ends have created mixed feelings in the market. From the current scenario, we can notice that the bulls are in control and are maintaining the balance.
For now, BTC needs to hold the support of $67.3k-$67.6k.