$BTC Lowest drop to 76,152, then enter the 76,300—75,600 long zone. The first batch of longs has been triggered, and current profit is in hand.
Technical analysis
On the daily chart, price is still above the EMA20 around 74,600. The medium-term bullish structure has not been broken, but MACD momentum has weakened; the correction has not fully ended yet, and price is still consolidating within a range.
On the 4-hour chart, price has moved back closer to the moving-average area; bearish MACD momentum has clearly contracted. On the 1-hour chart, price has already returned above the short-term moving averages and MACD has turned red, but the rebound volume is only about half of the recent average.
Therefore, the current situation is a low-volume rebound/repair.
Key levels
Short-term support: 77,700—77,500
Strong support: 76,500—75,600
Short-term resistance: 78,400—78,600
Strong resistance: 79,100—79,400
Trade plan
Yesterday’s longs: TP1 has already been achieved. Consider taking partial profit; the remaining position can continue to watch 79,200 and 81,000.
Longs can still be placed on the 76,300—75,600 range.
Tonight at 22:00, the ISM Services PMI will be released. Tomorrow at 20:30, the U.S. Non-Farm Payrolls will be released. Reduce leverage ahead of the data.
Technical analysis
On the daily chart, price is still above the EMA20 around 74,600. The medium-term bullish structure has not been broken, but MACD momentum has weakened; the correction has not fully ended yet, and price is still consolidating within a range.
On the 4-hour chart, price has moved back closer to the moving-average area; bearish MACD momentum has clearly contracted. On the 1-hour chart, price has already returned above the short-term moving averages and MACD has turned red, but the rebound volume is only about half of the recent average.
Therefore, the current situation is a low-volume rebound/repair.
Key levels
Short-term support: 77,700—77,500
Strong support: 76,500—75,600
Short-term resistance: 78,400—78,600
Strong resistance: 79,100—79,400
Trade plan
Yesterday’s longs: TP1 has already been achieved. Consider taking partial profit; the remaining position can continue to watch 79,200 and 81,000.
Longs can still be placed on the 76,300—75,600 range.
Tonight at 22:00, the ISM Services PMI will be released. Tomorrow at 20:30, the U.S. Non-Farm Payrolls will be released. Reduce leverage ahead of the data.
