$BTC 75000 has arrived. Next, the upward momentum at this

Post

$BTC 75000 has arrived. Next, the upward momentum at this point will gradually weaken, but we cannot say that the rise has ended. We need to watch its subsequent pattern. Chasing long positions at this point is clearly not appropriate. So, we should focus on the continuity of the next leg of the market. Personally, I think it will still move downward to retrace toward around 70800.

Support: 70800-67800
Resistance: 75400-78000

Crypto_心诚

From the BTC daily chart, it’s impossible to tell whether it has already finished rallying. But at this small-timeframe level, it needs to pull back. The strength of the short-term pullback won’t be very large. More likely, it will trade around above 70500, mainly with a pattern of oscillation and a slight upward bias.

The strong resistance is at 74000. If it reaches 74000, patiently wait for it to form a shape/pattern, and then you can short it.

$BTC

Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.

BTC-0.03%