Today Bitcoin spiked higher and then pulled back. The big bearish candle on the 28th dropped from 81,000 all the way to 77,000, a decline of about 3 percentage points, almost wiping out the gains from the past few days. After that, the rebound settled around 78,000. Today it just traded sideways again, with no meaningful increase in volume.
The key is the 80,000 level. If price can reclaim 80,000 on strong volume, then the previous candle can only be considered a washout, and the trend can still continue. If it can’t hold, then 78,000 becomes the trading midpoint in the range, and the next support to watch is 75,000. The judgment is straightforward: for the short term, observe first and don’t rush to buy the dip. If you already have a position, reduce some and lock in profits if it can’t get back above 80,000; place your defensive level at 77,000. Don’t catch the falling knife if it breaks below 77,000—wait for a move with strong volume before making a decision.
#比特币 #BTC #Market Analysis
The key is the 80,000 level. If price can reclaim 80,000 on strong volume, then the previous candle can only be considered a washout, and the trend can still continue. If it can’t hold, then 78,000 becomes the trading midpoint in the range, and the next support to watch is 75,000. The judgment is straightforward: for the short term, observe first and don’t rush to buy the dip. If you already have a position, reduce some and lock in profits if it can’t get back above 80,000; place your defensive level at 77,000. Don’t catch the falling knife if it breaks below 77,000—wait for a move with strong volume before making a decision.
#比特币 #BTC #Market Analysis