Keep a close eye on the 69k lifelineBitcoin / U.S. dollarBITSTAMP:BTCUSDChuck_WilsonThe price of BTC has been fluctuating around 71k. Yesterday, it briefly dipped below 69k before quickly recovering, indicating that there is real buying interest at lower levels, but the willingness to chase higher prices is not strong. In the short term, BTCUSD is in a consolidation phase, with the core trading range locked between $69,000 and $72,000. Until a clear breakout occurs, the strategy should focus on buying low and selling high within this range. If a valid breakout occurs, the strategy should be adjusted accordingly to follow the trend. The recommended buy order is to place a buy order in the $69,200-$69,500 range. Selling: If you have shares at low prices, you can reduce your holdings in batches in the $71,300-$71,500 range. If the price reaches around 72,500, it is not recommended to chase it further, as there will be significant profit-taking pressure at that level. Only when the price rebounds to around 72,000 and clearly fails to break through, can a small short position be attempted. Currently, the market lacks a clear trend; it's only in a consolidation phase. Don't chase the price up just because it's rising, or cut your losses just because it's falling; you'll get hurt on both sides. Keep an eye on the 69k level; be bullish above it, but take a break below it. Keep your position size light and wait for the situation to become clearer before making any moves. We welcome all traders to share their opinions, and let's move forward together in this market. BTCUSD BTC1! BTCUSD BTCUSD