After Bitcoin broke through the parallel high of 76000, it peaked at 78300 before retreating, making a false breakout near the trend line again. The current price is around 75000. Two days ago, I reminded to short around 78000, resulting in a profit of nearly three thousand dollars. Currently, the pullback near 75000 is the Vegas channel for 15 minutes and one hour, which can be considered a short-term support level.
The high points of the 15-minute decline are connected to form a trend line, and it can be seen that this wave of decline is very smooth. If the rebound cannot break through the downward trend line or continues to decline without obstruction, hold the short position with confidence. The resistance levels below are at 74500 and 73500. If a significant rebound occurs, it is advisable to take profits first and then continue shorting around 76000.
The high points of the 15-minute decline are connected to form a trend line, and it can be seen that this wave of decline is very smooth. If the rebound cannot break through the downward trend line or continues to decline without obstruction, hold the short position with confidence. The resistance levels below are at 74500 and 73500. If a significant rebound occurs, it is advisable to take profits first and then continue shorting around 76000.
