Currently, I am still leaning towards the buying scenario. Yesterday, I took the opportunity to add more positions around the area of 68,900 USD, because I believe this is still a region that shows clear support after the rebound from the 66,000 USD mark.
After that recovery, Bitcoin returned to the 70,000 USD area. This is a very important threshold, as it could determine whether $BTC has enough momentum to break the current range and open up a new upward phase or not.
From my perspective, if the price holds above $70,000, there is a high probability that Bitcoin will continue to head towards the $74,000 area first. This is a near-term target that is quite realistic.
If the price reaction there is positive, the market could even extend its uptrend to $78,000, although this will be a more challenging scenario, it is still entirely possible.
The developments at the $74,000 and $78,000 levels will be very important, as they help confirm whether the uptrend has enough strength to extend further on a larger timeframe. Conversely, if BTC is strongly rejected at the $74,000 level, I believe the likelihood of revisiting the $68,000 level is quite clear.
As of now, I am still maintaining a predominantly long position. Although I still have some short orders, the proportion of my long orders is currently greater. As long as Bitcoin holds above $70,000, I will continue to prioritize the scenario of prices moving up to higher target areas.