#Gate正式接入Polymarket $BTC Crypto Analyst: Bitcoin 71100 Target Reached, What's Next This Afternoon?

Called for northbound move to 69000 this morning with a 71000 target, now perfectly executed! Many traders have already taken profits. The key question now is: will it continue pushing up this afternoon or peak and pull back? Let's break down the chart - 71100 is a key resistance level, and the battle between bulls and bears happens this afternoon! Price rallied from the 68888 low and currently touched 71100 nearby, which is exactly the previous platform resistance and MA60 moving average suppression zone, a strong resistance area. Bull momentum has clearly weakened. MACD red bars are shrinking, DIF and DEA showing signs of turning downward, bull sentiment is overheating and could trigger profit-taking at any time. Short-term capital is already taking profits in batches, volume gradually contracting. Without sustained volume support, pushing higher is extremely difficult.

Afternoon Trading Strategy:

Sell in batches at 71000 and 71500 levels, stop loss at 71800, target 70000 to 69800

Low longs wait no longer

Final note to those who got on board at 69000: you've already captured over 2000 points of profit. Taking profits off the table is the best strategy! This afternoon focus on the 71000 to 71500 resistance zone - if it can't break above, it's the bears' game. Don't get greedy for that last bite!