$BTC Holding above $80,000 does not mean the breakout is over; $BTC is currently stuck around 80,400 awaiting the next decision. The public quote is about $80,386, up 4.5% in 24 hours; although the price remains above 80,000, it has not yet turned this round number into reliable support.
I will consider 81,000 as the upper trigger: only if it closes above this level with volume and then retests without breaking it will I view this upward move as a sustainable trend; if it only briefly breaks through intraday and then falls back within the range, I will not chase.
On the downside, first watch 80,000. If it falls back and cannot reclaim this level in the short term, the breakout logic should be downgraded; 79,500 is where I will clearly give up on following the bulls and switch to observing the support.
The most important thing this time is not to guess the next candlestick, but to wait for the close and retest answers between 80,000 and 81,000. Do you value the close at 81,000 more, or the retest support at 80,000? This is just a market record and does not constitute investment advice.
#BitcoinRises23.6%Weekly
I will consider 81,000 as the upper trigger: only if it closes above this level with volume and then retests without breaking it will I view this upward move as a sustainable trend; if it only briefly breaks through intraday and then falls back within the range, I will not chase.
On the downside, first watch 80,000. If it falls back and cannot reclaim this level in the short term, the breakout logic should be downgraded; 79,500 is where I will clearly give up on following the bulls and switch to observing the support.
The most important thing this time is not to guess the next candlestick, but to wait for the close and retest answers between 80,000 and 81,000. Do you value the close at 81,000 more, or the retest support at 80,000? This is just a market record and does not constitute investment advice.
#BitcoinRises23.6%Weekly
