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BTC has stabilized above 67,000. Next, focus on the resistance trend line at 68,000–69,000. There is a high probability that this line will be tested. Whether it’s a rally or a decline, a breakout of this line is possible. Why is that?
First, the 68,000–69,000 trend line has a large amount of liquidity. Whether it's stop-loss orders or new positions, they are all centered around this area. There are many chips in this zone, so it’s very necessary for the main players to make a move here. If they want to push the price down, they might create a false breakout to harvest liquidity here, and the main players will profit immensely. On the other hand, if they want to push the price up, they need to break through this line and stabilize above it. Then, the rebound will continue. So, for those looking to short, do not open a short position just at the line—wait for a confirmed false breakout. For those wanting to go long, they should also wait until the price stabilizes above the trend line before entering long positions. This way, the trades are more likely to be stable.