šÆ After BTC breaks above 790,000, the truly key thing isnāt chasingāitās holding this lifeline!
BTC has recently surged to around $793,000. The short-term momentum is indeed strong, but the more it keeps rallying like this, the more you need to guard against getting carried away emotionally.
At the moment, the most important support zone below is concentrated between $740,000 and $760,000. This is the key area formed after the earlier breakout. If the subsequent pullback can hold here, it means the long structure is still intact and the market still has room to challenge higher.
On the upside, first watch resistance around $822,000. Only after BTC breaks through this level will it have a chance to push toward the $850,000ā$870,000 zone.š
However, thereās also something that needs attention right now: contract market enthusiasm has clearly increased. Open interest continues to build up, and the daily RSI has also moved to a relatively high level. In simple terms, more and more people are chasing longs in the market; if the price suddenly pulls back, leveraged positions could see a wave of liquidation.
So what you need to guard against from here isnāt being wrong about the directionāitās being heavily overexposed at high levels with leverage thatās too large.
If BTC can hold above $740,000, the bullish trend is still worth watching. If it breaks below this level decisively, the short-term structure will need to be reassessed.
When the market is rising, the hardest part is never just finding opportunitiesāitās controlling the hand that always wants to chase the highs.$BTC $ETH $BMT #ęÆē¹åøåé»äŗ81000ē¾å 50åØåēŗæ
BTC has recently surged to around $793,000. The short-term momentum is indeed strong, but the more it keeps rallying like this, the more you need to guard against getting carried away emotionally.
At the moment, the most important support zone below is concentrated between $740,000 and $760,000. This is the key area formed after the earlier breakout. If the subsequent pullback can hold here, it means the long structure is still intact and the market still has room to challenge higher.
On the upside, first watch resistance around $822,000. Only after BTC breaks through this level will it have a chance to push toward the $850,000ā$870,000 zone.š
However, thereās also something that needs attention right now: contract market enthusiasm has clearly increased. Open interest continues to build up, and the daily RSI has also moved to a relatively high level. In simple terms, more and more people are chasing longs in the market; if the price suddenly pulls back, leveraged positions could see a wave of liquidation.
So what you need to guard against from here isnāt being wrong about the directionāitās being heavily overexposed at high levels with leverage thatās too large.
If BTC can hold above $740,000, the bullish trend is still worth watching. If it breaks below this level decisively, the short-term structure will need to be reassessed.
When the market is rising, the hardest part is never just finding opportunitiesāitās controlling the hand that always wants to chase the highs.$BTC $ETH $BMT #ęÆē¹åøåé»äŗ81000ē¾å 50åØåēŗæ
