Just finished looking at the order book of $BTC . This price action is basically “walking a tightrope high in the air”—watching it makes you worry for anyone who’s trying to chase the rally right now.
Many people ask whether 79264 can be boarded directly to bet on a breakout. I advise you to calm down first.
On the daily chart, although there was a rebound from the bottom at 76151, this push upward just happens to hit the neckline of the prior downtrend (around 80000–81000). The trapped positions here are “old debts” left behind a few months ago, and the overhead pressure from getting them out is massive.
The main players are pretty cunning. They use a modest rebound to create the illusion of a “reversal,” but now the price is clearly consuming the longs’ momentum. And on the 15-minute chart, there are already signs of sluggishness. 👉 Short-term risk: the current consolidation range is tightening. Once it breaks below 78500, everyone who just chased higher will be buried.
Trading plan:
❌ Don’t chase: your risk-reward right now is terrible. Above 80000–81800 is a dense trapped-position zone, while below is an abyss.
✅ Key levels:
Support (watch): 77500–78000. This is the launch platform before the last breakout. Only if price retraces back to here and stabilizes without breaking can there be a real “second wave” opportunity.
Resistance (escape): 80500–81500. The dense transaction area near the prior highs. If the rebound reaches here and there’s no volume breakout, get out decisively—don’t fantasize about clearing the prior high directly.
Stop-loss: a drop below 76500. If even the launch platform is broken, it means the main players have completely finished distributing. You must leave without conditions.
Many people ask whether 79264 can be boarded directly to bet on a breakout. I advise you to calm down first.
On the daily chart, although there was a rebound from the bottom at 76151, this push upward just happens to hit the neckline of the prior downtrend (around 80000–81000). The trapped positions here are “old debts” left behind a few months ago, and the overhead pressure from getting them out is massive.
The main players are pretty cunning. They use a modest rebound to create the illusion of a “reversal,” but now the price is clearly consuming the longs’ momentum. And on the 15-minute chart, there are already signs of sluggishness. 👉 Short-term risk: the current consolidation range is tightening. Once it breaks below 78500, everyone who just chased higher will be buried.
Trading plan:
❌ Don’t chase: your risk-reward right now is terrible. Above 80000–81800 is a dense trapped-position zone, while below is an abyss.
✅ Key levels:
Support (watch): 77500–78000. This is the launch platform before the last breakout. Only if price retraces back to here and stabilizes without breaking can there be a real “second wave” opportunity.
Resistance (escape): 80500–81500. The dense transaction area near the prior highs. If the rebound reaches here and there’s no volume breakout, get out decisively—don’t fantasize about clearing the prior high directly.
Stop-loss: a drop below 76500. If even the launch platform is broken, it means the main players have completely finished distributing. You must leave without conditions.
